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2. The truth about no-appraisal home equity loans: What ... - AOL

   www.aol.com/finance/what-is-a-no-appraisal-home...

   Qualifying for a home equity loan typically requires a minimum of 15% to 20% equity in your home after first and second mortgages are accounted for, a credit score of at least 620 (although higher ...

3. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   Step 1: Estimate your home’s value. Calculating equity starts with identifying the property’s market value. You can find out how much your home is worth using a number of methods. Online home ...

4. The Fed just cut interest rates. Time to tap your home equity?

   www.aol.com/finance/fed-just-cut-interest-rates...

   Key takeaways. The Federal Reserve’s rate cut affects HELOCs and home equity loans differently. Existing HELOC borrowers can expect their rates to decrease in response to the Fed’s rate cut ...

5. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   However, because the collateral of a HELOC is the home, failure to repay the loan or meet loan requirements may result in foreclosure. As a result, lenders generally require that the borrower maintain a certain level of equity in the home as a condition of providing a home equity line, usually a minimum of 15-20%. [3]

6. Home equity: What is it and how can you use it? - AOL

   www.aol.com/finance/home-equity-121018740.html

   Home equity loans: A home equity loan is a second mortgage for a fixed amount at a fixed interest rate. The amount you can borrow is based on the equity in your home, and you can use the funds for ...

7. What is a HELOC? - AOL

   www.aol.com/finance/heloc-home-equity-line...

   A HELOC (home equity line of credit) is a revolving form of credit with a variable interest rate, similar to a credit card. The line of credit is tied to the equity in your home.