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There are a lot of advantages to owning your home. It's an investment that can make you some money over time, it's a place to create memories, and it can also help you out when extra cashflow is needed. A Home Equity Line of Credit (HELOC) is an open credit line that is secured by the paid value of the borrower’s home. Once approved for a HELOC, borrowers can spend the funds however they choose.

Is it a good idea to use my home’s equity to pay off credit card debt?

Your home’s equity can be a versatile financial tool, but using it to pay off your credit card debt can potentially be risky. Let’s take a look at the pros and cons of using a HELOC to pay off credit card debt so you can make an informed decision about this financial move.

Get Rewarded for Buying with OE Federal and HomeAdvantage!

Buying a new home can be one of the largest and most stressful financial transactions you may ever make. OE Federal and HomeAdvantage make it easy and affordable by offering all the tools you need, right in one place!

All you have to do is fill out a mortgage application with OE Federal and set up an account with HomeAdvantage, then we’ll take care of all the heavy lifting.

Buying a home is an amazing goal, but the challenges of being a first-time homeowner can be intimidating. Let’s take a look at a few guidelines to help take some of the stress out of the decision.

If you’re mortgage shopping, you may be overwhelmed by the number of options. Dozens of lenders, each with their own rates, terms, conditions and costs, can make the decision feel that way. But it doesn’t have to be that difficult! The choice of which mortgage to go with starts with a simple question: fixed-rate or adjustable? There are many different terms, points and rates associated with each, but narrowing your search to a category can really simplify the process.

Unlock the Power of Your Home’s Equity! With interest rates dropping, now is the perfect time to leverage your home’s value. Imagine receiving a lump sum of cash within days, ready to use for anything you need. Whether it’s home improvements, debt consolidation, or an emergency fund, the possibilities are endless. Just remember, this loan uses your home as collateral, so choose your investments wisely.

Q: It’s vacation time! We’re thinking about buying an RV, but RV lots seem so intimidating! How can we fight that stress?

A: Nothing beats the freedom of a road trip, and with an RV, the journey becomes part of the adventure. Here are some tips to make buying an RV less stressful: