Tag Archives | Equity

Tapping Your Home’s Equity

iStock_000010817275_Tap into equityThere are several ways to tap your home’s equity. One is to take out a home equity line of credit (HELOC). A credit line will have a variable interest rate, but you pay interest only on the amount you use. Ideally, you should draw from your credit line and then pay some or all of the balance before drawing against the credit line again.
A home equity line is often less expensive than higher-rate borrowing options such as credit cards – and the interest may be tax deductible.* Read More

Continue Reading

Member FDIC DIF an equal housing lender