Is a home equity loan good debt?

Answer On One Hand: Using the Money to Increase Value"Good debt" refers to debt that you take on for things that will increase in value. For example, if you use the proceeds from your home equity loan to ... Read More »

Top Q&A For: Is a home equity loan good debt

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 Find a Good Home Equity Loan Lender?

Many consumers and home mortgage rate shoppers have been stumped as to how to find a good lender for a home equity loan or to refinance their home loan. One key factor to succeed in finding a trust... Read More »

When is it a good time to take out a home equity loan?

On One Hand: Anytime is Good for Safe InvestmentsYou should be conservative when taking out a home equity loan. One good use of the money is for home improvements, because then the money will make ... 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 »