Home equity is the value associated with a home, expressed in terms of dollars and cents. Read on to learn more about how to build home equity http://www.debtroundup.com/mortgage-smarts-understanding-building-home-equity/
The difference between a home equity line of credit & a home equity loan (explained) http://thriftydiydiva.com/the-difference-between-a-home-equity-line-of-credit-a-home-equity-loan-explained/ #homeowners #financetips
Build Home Equity Faster equity Function: noun . 1 a : a right claim or interest existingor valid in equity b :the money value of a property or of an interest in a property in excess of claims or liens against itc : a risk interest or ownership right in property Equity is the part of your property that you actually own. If you own property thats worth $250000 and you have a mortgage with a remaining loan balance of $100000 your equity in the property is $150000. Repeat home buyers…
Interested in borrowing against your home’s available equity to pay for other expenses? The good news is you have choices, but it can be tricky to weigh the options. This breaks down the key differences between a cash- out refinance and a home equity line of credit. Learn more about home equity and what works for your financial picture.
Should you use your home equity loan to replace your roof or remodel your home? What about using it for other immediate needs or wants? Think about it. Here's an article that talks about the Do's and Dont's of Home Equity Loans.
Home equity loans let you borrow against your home's value. They can be used for any purpose, they come with relatively low interest rates, and they may offer tax benefits. Learn more about how home equity loans work.