Hitch Logo

Learning Center

Explore our educational articles and insights to grow your knowledge.

Transform Your Home with Low-Interest Home Remodel Loans

Looking to renovate your home but need financing? Hitch offers low-interest home remodel loans to help you achieve your dream living space. From expanding your home to upgrading your kitchen or bathroom, we provide competitive rates and a hassle-free application process. You can check loan offers from trusted online lenders without hurting your credit score, and get started on your project right away.

Mastering Your Financial Foundation: Building Blocks for Lasting Success

Creating a solid financial foundation is key to long-term success.

How to Use a Home Equity Line of Credit (HELOC) for Debt Consolidation

Home prices increased by +6.9% year-over-year as of December 2022 in spite of rising mortgage rates

How does HELOC benefits Gen Z?

HELOCs can benefit Gen Z by providing access to funds for large expenses or unexpected financial needs, such as home renovations or emergencies.

Is a HELOC Good For Debt Consolidation?

HELOCs can be good for debt consolidation, but use them wisely as they are secured loans and could lead to loss of your home if not repaid.

Bathroom Remodeling: Ideas, Tips and Tricks

Remodeling your bathroom can be a great way to give it a stylish new look and add value to your home. From choosing materials to deciding on the right layout, research ideas, plan ahead, set a budget and decide on colors & materials that will stand up against water damage. Consider efficient storage solutions, updates & improvements like dimmer switches, energy efficient windows or heated flooring. With thoughtful planning beforehand you'll be sure to have a successful project everyone can enjoy for years!

Financial Education for Millennials Considering a HELOC

Millennials consider HELOCs to access home equity, but they carry risks. Before considering, understand potential risks and benefits.

A Practical Guide: Saving for Your Dream Home

Looking to save for your dream home? Our comprehensive guide offers practical steps and expert advice to help you achieve your homeownership goals.

"Financing Your Dream Basement: Options for Funding Your Renovation Project"

Need financing for your dream basement renovation? Explore options like home equity loans, personal loans, credit cards, and contractor financing to find the best fit for your budget. With the right financing plan, you can turn your basement into a functional and comfortable living space. Consider using Hitch as a platform to connect with lenders and find the best financing options for your needs.

How to Take Equity Out of Your Home

To take equity out of your home, you can get a home equity loan or a cash-out refinance, but weigh the costs and risks first and have a clear plan for the funds.

Equal Housing Lender

Hitch, Inc. NMLS #2383367 #2383367

2158 NW Toussaint Drive. Bend, Oregon 97703

1. Qualified applicants may borrow up to 95% of their home’s value. This does not apply to investment properties.

2. HELOCs have a 10-year draw period. During the draw period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) the total of all accrued finance charges and other charges for the monthly billing cycle. During the draw period, the monthly minimum payments may not reduce the outstanding principal balance. During the repayment period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) 1/240th of the outstanding balance at the end of the draw period, plus all accrued finance charges and other fees, charges, and costs.The lender will calculate this amount by taking the outstanding Account Balance on the last day of the draw period and dividing it by 240 months and then adding any finance charge that accrues but remains unpaid during the monthly billing cycle plus any other fees, charges and costs to the fixed principal payment that is due. During the repayment period, the monthly minimum payments may not, to the extent permitted by law, fully repay the principal balance outstanding on the HELOC. At the end of the repayment period, the borrower must pay any remaining outstanding balance in one full payment.

3. The time it takes to get cash is measured from the time the Lending Partner receives all documents requested from the applicant and assumes the applicant’s stated income, property and title information provided in the loan application matches the requested documents and any supporting information. Most borrowers get their cash on average in 21 days. The time period calculation to get cash is based on the first 4 months of 2024 loan funding's, assumes the funds are wired, excludes weekends, and excludes the government-mandated disclosure waiting period. The amount of time it takes to get cash will vary depending on the applicant’s respective financial circumstances and the Lending Partner’s current volume of applications. Closing costs can vary from 3.0 - 5.0%. An appraisal may be required to be completed on the property in some instances.

4. Not all borrowers will meet the requirements necessary to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility. This offer is subject to verification of borrower qualifications, property evaluations, income verification and credit approval. This is not a commitment to lend.

5. The content provided is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply.