Reyna Gobel Most Recent 7 ways to build equity in your home Building equity in your home helps you accumulate wealth by owning a larger percentage of the house. Here are seven options for building equity in a home. USDA loan vs. VA loan: Which is right for you? Learn about the differences between USDA and VA loans, including eligibility requirements and fees. Then decide whether a USDA or VA loan is right for you. What is a second mortgage, and how does it work? A second mortgage lets you borrow from your home equity, and you’ll take on an additional monthly mortgage payment. Learn how second mortgages work. What is a conforming loan, and how do you qualify? A conforming loan is a type of conventional loan, and the amount borrowed must fall below the FHFA limits. Learn if a conforming mortgage is right for you. What is a cash-in refinance, and how does it work? With a cash-in refinance, you make a large lump-sum payment, so your new mortgage has a lower principal. Learn whether a cash-in refinance is a good fit for you. FHA vs. VA loan: What are the differences? FHA and VA loans are great options for low mortgage rates and down payments, but each has its pros and cons. Here’s how to decide between an FHA vs. VA loan. FHA cash-out refinance: Requirements and guidelines An FHA cash-out refinance lets you refinance into a new FHA loan and tap into your home equity to receive cash. Learn if you qualify for an FHA cash-out refi. How to save for a house in 7 easy steps The money needed for a down payment and closing costs can quickly add up. Learn how to save for a house by creating a savings goal, cutting expenses, and more. Modular homes: What they are and how to finance them A modular home is built in a factory and assembled on-site. Learn how much it costs and how to finance it. VA funding fee exemption: How it works and who qualifies Certain active-duty service members, veterans, and surviving spouses qualify for a VA funding fee exemption on their VA home loans. Find out if you’re exempt. What to do if you have an underwater mortgage An underwater mortgage can make refinancing or selling your home difficult. Learn what to do if you have one. Should you buy a home with a homeowners' association? An HOA manages the appearance and guidelines of a community. Here's what you need to know when choosing whether or not to buy a home with a homeowners’ association.