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Learning Center

Explore our educational articles and insights to grow your knowledge.

Is it advisable to use your home equity to cover expenses during the upcoming holiday season?

Using home equity for holiday expenses is risky. It's important to weigh the benefits and risks, and ensure you can afford monthly payments.

Tips On Finding The Best HELOC With A Fixed Rate

To find the best HELOC with a fixed rate, compare lenders, research terms and conditions, and seek guidance from a professional. Look for competitive rates, flexible repayment options, and be aware of any fees or penalties.

5 Clear Signs You're Ready to Take the Leap and Buy Your Dream Home

Are you contemplating the idea of buying a home? Wondering if you're truly ready to take the leap into homeownership?

Unveiling the Power of Passive Investing: A Prudent Approach to Wealth Creation

Passive investing, also known as index investing, offers investors a disciplined approach to wealth creation.

Transform Your Home with DIY Home Improvement Projects: Unlock Your Inner Handyman!

Are you ready to unleash your inner handyman and transform your home?

Lowering Mortgage Payments: How Refinancing with Hitch Can Help

Lower your monthly mortgage payments by refinancing your home. Learn how with Hitch's step-by-step guide and explore your options for refinancing.

Refinance with Confidence: The Best Fixed-Rate Mortgage

If you're a homeowner with an adjustable-rate mortgage (ARM), you may want to consider refinancing to a fixed-rate mortgage (FRM). With interest rates on the rise, locking in a fixed rate can provide stability and predictability to your monthly mortgage payments.

Unlocking Investment Potential: Exploring the World of ETFs

Exchange-Traded Funds (ETFs) have emerged as a game-changer in the world of investments.

Comparing Cash Out Refinancing to a Home Equity Line of Credit

Learn about the differences between cash-out refinancing and home equity lines of credit (HELOCs) and find out which option might be right for you.

Upgrade Your Home: A Guide to Smartly Using Your Home Equity for Remodeling

Upgrade your home with Hitch! Use your home equity to finance renovations and enjoy the benefits of a modern living space. Apply now! #remodeling #homeequity

Equal Housing Lender
Hitch, Inc. 23833672158 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 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.