Home Equity Loan Versus Credit Line: Advantages And Disadvantages

Home Equity Loan Versus Credit Line: Advantages And Disadvantages

Attempting to sell your house for a revenue often means a substantial windfall. However in the meantime, while you’re living there, that gain is locked up, out of reach — unless you access the equity with house equity loan or a property equity personal credit line, referred to as a HELOC.

These two kinds of “second mortgages” are drawn regarding the value of your house far beyond your debts in your main home loan. Read more