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Learning Center

Explore our educational articles and insights to grow your knowledge.

HELOC Soft Pull: What It Is and Why It Matters

A HELOC soft pull allows you to pre-qualify for a home equity line of credit without impacting your credit score. It's a convenient and low-risk way to explore your financing options.

Discover Home Improvement Loans in Oregon

Find home improvement loans in Oregon on Hitch and boost your property's value, curb appeal, and marketability.

How to Calculate Home Equity and Loan-to-Value (LTV)

With Hitch, you can easily calculate your home equity and loan-to-value (LTV) ratio. Input your property value, outstanding mortgage balance, and any additional debts secured by your home to see your LTV ratio and home equity. It's a quick and user-friendly way to stay informed about your financial situation.

Key Considerations for Investing in a Startup: A Comprehensive Guide

Investing in startups requires careful evaluation.

How to Take Equity Out of Your Home!

You’ve probably seen your home and homes nearby that have doubled or tripled in value over the past years or decades. Generally, the main source of a net worth

HELOC Special Offers: How to Get the Best Deal with Your Home Equity Line of Credit

Looking for special offers on a home equity line of credit (HELOC)? Hitch offers competitive rates, no closing costs, and a streamlined application process. Discover how Hitch can help you get the most out of your HELOC.

Unlocking the Potential of HELOC When Unemployed: A Comprehensive Guide

Discover how a Home Equity Line of Credit (HELOC) can be a viable financial solution even when unemployed.

Home Equity Line of Credit (HELOC) Strategy: Tips for Maximizing Your Funds

Maximize your HELOC funds with these 6 essential tips. Learn how to use your funds strategically, monitor interest rates, make payments on time, and more.

Unlocking Your Home's Equity: Are HELOC Rates the Same as Mortgage Rates?

Are HELOC rates the same as mortgage rates? Find out the answer and learn how a home equity line of credit can be a flexible financing option for your needs. Consider Hitch for competitive rates and a streamlined online application process

Building Financial Resilience: The Importance of an Emergency Fund

Discover the key to financial peace of mind with an emergency fund.

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.