Spring EQ

With CNBC stating that nearly 60% of Americans are living paycheck to paycheck, it’s no surprise that credit card debt is on the rise.

This mounting debt against a backdrop of record inflation could create significant financial challenges for many homeowners. So what they can do?

There are countless ways a finished basement can elevate your home—from home offices to guest rooms to movie rooms and more. With the right planning, your vision can become a reality. So if you're looking to add value to your home, finishing your basement could be a great option.

When you apply for a home equity loan, most people know FICO and credit score will play into their ability to qualify for a loan. But are you aware of the effect your debt-to-income (DTI) ratio can have?

With many people continuing to WFH, the "home office space" continues to be on the minds of plenty of homeowners. Now, some of those who viewed their home office spaces as temporary are looking to set up a more permanent, specialized home office—in their garage.

How much equity can you access from your home? And what's the best way to access it? It's no secret home values have hit record highs. In fact, the Wall Street Journal says that tappable home equity rose to over $11 Trillion in the first quarter of 2022 alone.

Homeowners can access cash from their home's equity WITHOUT touching their low first mortgage rate. It's not a secret—but more and more homeowners are just now discovering one of the best options available to them.

When looking into any kind of mortgage loan, it's only natural to want to go where you feel comfortable. However, when homeowners obtain a Home Equity Line of Credit (HELOC), home equity loan or cash-out refinance from their existing bank or credit union, they sometimes miss out on potential savings, better offers and more flexible terms.

What is your CLTV? And Why does it matter to Lenders?

The amount of cash you can access from your home is dependent on various lender requirements, with one of the most important being your CLTV, which means "combined loan-to-value" ratio.

For home improvement, debt consolidation, education costs or anything else—home equity loans are a great choice for many homeowners looking to access cash from their home.