Home equity loans can be taken out to finance a specific need, such as debt consolidation, a dream wedding, or paying for a baby's room. You can borrow up to 89% of the value of your home. This type of loan is available for most types of homes and can be accessed with a credit card or by writing...

If you're considering a home equity loan, you need to know your debt-to-income ratio (DTI), or the amount of money you owe on your debt, before applying for a new loan. The DTI is calculated by taking your total monthly debt payments and dividing them by your gross monthly income. Different lenders have different DTI requirements, but as a...

A home equity loan is a type of mortgage that allows homeowners to borrow against the equity in their homes. The lender is entitled to a certain amount of money based on the equity in the home. The loan amount can vary from 80% to 90% of the home's appraised value, and the interest rate will depend on the...