Does It Make Sense to Use a Home Equity Loan for Investment?

Answer To raise money for investments, many investors turn to home equity loans as a source of funds. While it is possible to borrow money from your home equity to invest, this may not be the best course ... Read More »

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What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

How to Make your New Car Tax Deductible using a Home Equity Loan?

Home equity loans are traditionally thought of as a smart money source for home renovation projects because they are often low-interest loans, and the interest on a home equity loan is tax deductib... Read More »

How to Buy Investment Property With Home Equity?

Purchasing investment property can provide you with a way to create additional sources of income that can last for years. Coming up with the money for a down payment is often one of the most diffic... Read More »

If You Have a Home Equity Loan, Do You Have to Pay Off the Loan Before You Sell Your House?

A home equity loan utilizes the equity you have built in your home as collateral for a new debt. Typically, this debt goes toward improvements to the property, but it may also be used to purchase c... Read More »