Smart Uses For A Home Equity Line Of Credit
Smart Uses For A Home Equity Line Of Credit For decades, homeowners across the country have reaped the benefits of a variety of home equity loans. In general, interest rates on these loans are lower than those attached to most credit cards and unsecured personal loans. At tax time, home equity borrowers often enjoy a substantial break by deducting the interest paid on their loans, up to 0,000. Home Equity Loan Basics There are two types of home equity loans. The most conventional (sometimes called a “second mortgage”) is paid in a lump sum, with a fixed interest rate and...
