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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?

The power of debt consolidation

Save thousands of dollars a year by consolidating your high yielding debt onto a HELOC

Home Equity Line of Credit (HELOC) Payment Calculator

Estimating your monthly payment for a Home Equity Line of Credit (HELOC) has never been easier with Hitch's HELOC payment calculator. By inputting specific loan details such as the loan amount, interest rate, and repayment term, our calculator provides an estimate of your monthly payment. Hitch's tool can help you determine what you can afford to borrow, and ensure that you're on track to meet your HELOC repayment obligations. Try our free HELOC Payment Calculator today to get a better understanding of your monthly Heloc payments.

Simple Crawl Space Repair Financing

Make your crawl space repair easy and affordable with Hitch financing solutions. Contact us to learn more!

FHA Title 1 Property Improvement Loan – Best for homeowners with poor credit and low equity

FHA Title 1 loans are ideal for homeowners with poor credit and low equity who need funds for home improvement projects.

Exploring Home Improvement Loans for Home Repair and Renovations in California

Discover how California residents are financing their home improvement projects through home improvement loans, and why it is a popular financing option despite the potential risks involved.

A Comprehensive Guide to Getting a HELOC on an Investment Property

Get a HELOC on an investment property with our essential guide. Increase your chances of approval by building equity, shopping around for lenders, and preparing documentation.

How to unlock your equity in a changing housing market

This article talks about housing market trends and how to unlock your home equity in exchange for cash. 

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.