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Lenders look at several factors to determine if you qualify for a mortgage. The loan-to-value ratio is a key metric that can impact your ability to get a home equity line of credit (HELOC) or home ...
Getting approved for a mortgage requires more than just telling the lender how much you want to borrow and submitting documents. A lender wants to know it can recoup its money if you fail to repay.
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Ebony Howard is a certified public ...
Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...
A home equity loan can can cover the cost of a major expense, but there are some drawbacks. See what makes it different from ...
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