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 »

Can You Get a Home Equity Loan If You Have a USDA Home Loan?

The United States Department of Agriculture (USDA) has a Rural Development arm offering direct and guaranteed home loans. In each scenario, the USDA offers to assist homeowners with the expense of ... Read More »

Is a home equity loan considered a second home loan?

A home equity loan is a secondary mortgage against the equity in your home. The terms of the loan, such as the interest rate and the length of the loan, are normally different from your primary hom... Read More »