Do Your Homework
Do you have equity in your home? Home equity can provide you the means to finance home improvements, education and bigger purchases. When — and how — should you tap your equity?
Have a Plan
Commit on paper the scope and details of your plans. Are you building a new kitchen? Buying a car? Or using your home's equity to fund a new adventure? Depending on your needs, there are a variety of home equity lending approaches.View Home Equity FAQs
Manage Your Debt
Balance your desire to pay down your mortgage with other priorities. Pay off any higher-interest debt first, since mortgages tend to have lower interest rates. Run the numbers: it may make sense for you to use a home equity loan or line to pay off higher-interest debt.Run the Numbers with Home Equity Loan Calculators