Should I Use Home Equity for a Major Purchase?

When making a major purchase, using a home equity loan or a line of credit is an alternative to financing offers that are often provided by a seller or manufacturer. In such purchases, buyers often have the option of taking either the seller-provided financing offer or a rebate on their purchase. Taking the rebate and using the equity in your home may provide a better alternative to the seller financing.

Use this home equity calculator to find out if you should use home equity to make a major purchase.


Article provided by Fintactix

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The calculations provided by this calculator are based entirely on the information you enter, including any loan amount and/or interest rate. These calculations do not reflect the terms available for any Regions loans or whether you qualify for any Regions loan. Find out more about Regions loans.