If you want to make some essential home improvements or simply need cash to pay bills, you may be looking at your home's equity as a source of funding. There are two ways you can use it: through a..
Here’s some uplifting news during a time of so much turmoil: real estate values are on the rise in many parts of the country. In Massachusetts, single-family home prices were up about 8.2 percent in..
Since interest rates have been dropping, you may be wondering if it's a good time to refinance your mortgage. The old rule of thumb was when interest rates went down by a point, it was a good time to..
Hanscom FCU has instituted a 3-month mortgage forbearance program for its first mortgage and second mortgage/home equity line of credit (HELOC) holders to help qualified members who are suffering..
When we receive an application for a Home Equity Line of Credit (HELOC), we have to determine the value for the property. This, in turn, allows us to determine the amount that can be borrowed...
Home equity is the value of your home minus any outstanding mortgage balance. That equity can be used to secure a loan or a line of credit. Because the loan or line of credit are secured by your..
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