Home equity loan vs. HELOC vs. cash-out refinance in Tennessee
Three ways to turn equity into cash — each works differently and costs differently. See how Tennessee's mortgage tax affects each option and which fits your goals.
6 min read
Read more Resources & education
Home equity insights for Tennessee homeowners
Plain-language guides to help you understand HELOCs, home equity loans, debt consolidation, and refinancing — before you apply.
Featured article
How it works
What is a home equity loan? A guide for Tennessee homeowners
A home equity loan lets Tennessee homeowners borrow a lump sum at a fixed rate. Learn how it works, what it costs including Tennessee's mortgage tax, and how much you can borrow.
5 min read
Read article In-depth guide
HELOC vs. home equity loan: What's the difference?
Both products use your home as collateral, but they work very differently. A HELOC gives you a revolving credit line; a home equity loan delivers a lump sum. Here's what to compare before you decide.
5 min read
Read more 7 smart ways Tennessee homeowners use their home equity (and 3 to avoid)
Equity works best when it builds value or saves you money. Here are seven uses that tend to make sense for Tennessee homeowners — and three that deserve a second look.
5 min read
Read more How to qualify for a home equity loan in Tennessee
Qualifying comes down to equity, credit, income and debt-to-income ratio. Here's what Tennessee lenders look for — and how to improve your chances before you apply.
5 min read
Read more The Tennessee home equity loan process: Steps, costs and timeline
From application to closing, here is what to expect at each step — including typical costs, the Tennessee mortgage tax, and how long the process usually takes.
5 min read
Read more How much home equity can Tennessee homeowners actually access?
Having equity and being able to borrow it are different. Learn how lenders calculate accessible equity with a Knoxville-area example and what affects your number.
5 min read
Read more Can you use a home equity loan to consolidate debt in Tennessee?
Yes — and 39% of borrowers did exactly that in 2024. But turning unsecured debt into a loan secured by your home carries real risk. Here's what to weigh first.
5 min read
Read more Can you use a home equity loan to buy an investment property in Tennessee?
Tennessee investors use equity from their primary home to fund rental down payments. Here's how the numbers work, the risks, and DSCR loan alternatives.
6 min read
Read more Self-employed in Tennessee? What to know about qualifying for a home equity loan or HELOC
Tax returns can understate what you earn. Learn how bank statement HELOC programs work for Tennessee's contractors, freelancers, and business owners.
6 min read
Read more HELOC draw periods and repayment periods explained for Tennessee homeowners
A HELOC has two phases and your payment can jump when the first ends. Learn what to expect — plus a Tennessee tip on sizing your line to minimize upfront costs.
5 min read
Read more Home equity loans for home improvement in Tennessee
Using equity for a remodel? Learn which projects may qualify for a tax deduction, how to budget with a contractor quote, and whether a loan or HELOC fits your project better.
5 min read
Read more Fixed vs. variable rates on home equity loans and HELOCs: Which is better for you?
Fixed rates give certainty; variable rates offer flexibility. Here's how each works, when each makes sense, and what questions to ask any Tennessee lender.
5 min read
Read more Ready to explore your options?
Jessie can walk you through which home equity product fits your goals — no pressure, no obligation.