Learn when and how to best use your home equity loan or line of credit
The equity in your home can be used for a variety of things, including home improvements, car loans and debt consolidation. But, it's not limited to just that. Homeowners can use the equity they build in their homes to pay for any purchase they want. Whether you've opted for the fixed-rate, lump sum home equity loan or a revolving home equity line of credit, you should carefully consider how you utilize these funds since you are using your home as collateral.