Arda Clark

    (310) 650-0960
    arda@carlandarda.com
    • About
      • Meet Carl
      • Meet Arda
      • Testimonials
    • Properties
      • Search for Homes
      • Search by Area
      • Mortgage Calculator
      • Featured Listings
    Carl and Arda Clark
     

    Carl

    (310) 963-4788
    carl@carlandarda.com
    • Sell
    • Blog
    • Contact
    • Arda Clark(310) 650-0960
      arda@carlandarda.com
      Copy Email
    • Carl(310) 963-4788
      carl@carlandarda.com
      Copy Email
    • Beach City Brokers
      1716 South Catalina Avenue
      Redondo Beach, CA 90277
      3106500960
      arda@carlandarda.com

    About

    • Home
    • About
    • Contact

    Search

    • Search Properties
    Carl and Arda Clark - Footer Logo
      • Privacy
      • Terms
      • DMCA
      • Accessibility
      • Fair Housing
      © 2025 Beach City Brokers. All rights reserved.
      Website built by CloseHack.
      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      Should You Get A Home Equity Loan?

      Published 02/08/2023 | Posted by Arda Clark

      With home prices having skyrocketed and now starting to slow, many homebuyers are curious whether it’s a good time to get a home equity loan. In a survey of 1000 homeowners by MeridianLink, 21% stated they were considering getting a home equity loan at some point during the year, compared to just 8% last year. However, a little under half — 48% — aren’t even confident they know what a home equity loan is, or definitely don’t know, which encompasses 13% of respondents. Rising prices have, in fact, increased total equity by 15.8%. But that’s not the only thing you need to know.

      The most important factor to keep in mind is whether it’s actually a home equity loan you’re interested in, or the similar but distinct home equity line of credit (HELOC). The answer will depend what you need the funds for and how quickly you want to repay it. A home equity loan has a fixed interest rate that is locked when you take out the loan. They’re relatively safe if you have good credit, but with current interest rates being high, they’re most useful for short-term uses, such as funding home improvement projects with a solid return on investment. HELOCs, on the other hand, have a variable interest rate that is based on the benchmark rate. The benchmark rate is currently still increasing, but that should change in the not-too-distant future. Therefore, a HELOC can be useful if you want to take advantage of high equity now and aren’t particularly worried about paying it off any time soon.

      Photo by Dmitry Demidko on Unsplash

      More: https://www.foxbusiness.com/personal-finance/more-homeowners-consider-home-equity-loans

      Related Articles

      Keep reading other bits of knowledge from our team.

        Request Info

        Have a question about this article or want to learn more?