Refinancing a HELOC may help you save money or borrow more. Here are three expert-backed ways to get started.
After the pandemic hit and the Fed dropped the fed funds rate to zero, homebuyers flooded the housing market. Partially as a result, the median sale price of U.S. homes spiked from $329,000 at the start of 2020 to $479,500 by the end of 2022, according to data analyzed by the Federal Reserve Bank of St. Louis. While interest rates have gone back up, home prices haven't returned to their previous levels.
Learn more about the benefits of using a HELOC online now.3 smart HELOC refinancing strategies While HELOCs can help you reach a variety of goals, they do come with costs and terms that can vary between lenders. In some cases, such as the three below, it may make sense to refinance your HELOC with a new provider.
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