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Explore our educational articles and insights to grow your knowledge.

When is a HELOC a Good Idea? Discover the Advantages of Hitch's HELOC

Hitch's HELOC offers low rates and flexibility, making it a smart choice for homeowners needing to borrow against their home's equity.

Credit card debt can be a trap

There are special loan programs for homeowners that can lower your interest rate.

How to Finance Foundation Repairs

Struggling to cover the costs of foundation repair? Learn about financing options available so you can get the repairs you need.

How Mortgages are Approved

The mortgage approval process involves applying, credit check, financial review, home appraisal, and underwriting. If approved, you'll receive a commitment letter outlining loan terms and conditions. Hitch can guide you through this process to help you secure your dream home.

Financing Your Colorado Home Improvements: A Guide to Home Improvement Loans

Looking for a home improvement loan in Colorado? Hitch has got you covered! Compare loan offers and find the best one for you.

How to unlock your home equity without changing your low mortgage rate

Tapping into your home equity with a HELOC won’t impact your mortgage rate.

What is a home equity line of credit?

A home equity line of credit (HELOC) is a loan secured by home equity.

HELOC vs. Cash-out refinance

How does a HELOC differ from a cash-out refinance, and which is better in this market environment?

Making Home Improvements Easier in Florida

Upgrade and improve your home with Hitch home improvement loans in Florida. Get the best offers for your house today!

Home renovation: HELOC vs. other financing methods

Home renovations can add value to your home and can have tax benefits. But how do you finance a home renovation?

Equal Housing OpportunityHitch Inc. NMLS 2383367
1. Qualified applicants may borrow up to 90% 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. Our borrowers get their cash on average in 21 days. The time period calculation to get cash is based on the last 6 months of 2022 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. 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. 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.4. By inputting your phone and clicking the "Check my rate" button, you authorize your wireless carrier to use or disclose information about your account and your wireless device, if available, to us or our service provider for the duration of your business relationship, solely to help them identify you or your wireless device and to prevent fraud. Additionally, you authorize Hitch and its service providers to obtain your name, address, email and Social Security Number from Equifax in order to validate your identity and/or populate this form. See our Privacy Policy for how we handle your data.
Hitch, Inc.2158 NW Toussaint DriveBend, Oregon 97703(833) 512-0284

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