Your home is where your family makes memories. But your home’s equity can also help you prepare for the future. Read More about Home Equity Loans and Lines of Credit: Which is Best for You?
Using Your Home's Equity
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 FAQsManage 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.
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