Should I use home equity for a major purchase?
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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.

Home equity options

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

Change the numbers in each input field by entering a new number or adjusting the sliders. After entering your data into each input field, the calculator results will automatically update the summary statement and chart.

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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.

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.

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