How to get a HELOC in 6 simple steps [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Yahoo! Finance
tap your equity and use the money to pay for whatever you want, from home improvements to college courses. However, you must meet specific criteria to get approved for a HELOC. Here's what to know about how to qualify and apply for a HELOC. Learn more: 7 ways to build equity in your home This embedded content is not available in your region. In this article: What is a HELOC, and how does it work? HELOC requirements How to get a HELOC: Step-by-step How long does it take to get a HELOC? FAQs A HELOC, or home equity line of credit, is a type of second mortgage, so you'll have your first mortgage and HELOC simultaneously. It's a revolving form of credit that lets you borrow against the equity in your home. Equity is the difference between your house's current market value and the amount you owe on your original mortgage. A HELOC functions similarly to a credit card. You can access as much or as little money as you need, up to a certain limit. However, unlike a credit
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TRU
Earnings
- 10/23/24 - Beat
TRU
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form SC
- 11/12/24 - Form 4
- TRU's page on the SEC website