- Homebuyers
- August 28, 2026
How Does a HELOC Work?
Here’s what homeowners need to know about how a HELOC works, how it compares with other borrowing options, and the potential costs and risks.
Contributing Writer, New American Funding
Angela Colley is an accomplished journalist with more than a decade of experience reporting on fair housing, the mortgage industry, and real estate. Her work has appeared in numerous publications including TheStreet, Realtor.com, Yahoo Finance, and CBS MoneyWatch.
Here’s what homeowners need to know about how a HELOC works, how it compares with other borrowing options, and the potential costs and risks.
For those who plan to live in the fixer-upper, the difference between a smart opportunity and a costly mistake often comes down to what’s hiding beneath the surface.
While ARMs can be valuable tools, it’s important to understand how rate caps work and how they could affect your monthly payments so you can avoid any unpleasant (and potentially costly) surprises.
Here’s something many homeowners don’t realize: standard homeowners insurance does not cover flood damage.
For many transgender homebuyers, the path to ownership may be fraught. However, there are steps trans buyers can take for a less stressful homebuying experience.Â
Before making an offer on a home, some LGBTQ+ buyers are doing more than checking the list prices and number of bedrooms—they’re scanning for subtle signs of inclusion.
These were the most affordable places to buy a home in early 2025.
Here’s a look at 10 of the most popular architectural styles across the nation and how to identify them.
The Fair Housing Act made it illegal refuse to rent, sell, or finance home purchases based on someone’s race, color, national origin, and religion.
Get market updates, mortgage tips, and homebuying insights delivered straight to your inbox.
You are being redirected to a third party website. New American Funding is not responsible for the content of this website, including its privacy policy. Do you want to continue?