When it comes to getting access to extra cash, home owners have two main options – a cash out refinance or a home equity line of credit (HELOC). Both offer money for different reasons, but it’s important to know the difference between them before deciding which option is best for you. Let’s take a look […]
How to use a HELOC for Debt Consolidation A home equity line of credit (HELOC) is a great tool for debt consolidation. By taking advantage of your home’s equity, you can pay off your high-interest debt and reduce your monthly payments. In this article, we’ll explore how to use a HELOC for debt consolidation and […]
If you’ve been considering taking out a home equity line of credit (HELOC), you’re not alone. In the aftermath of the Great Recession, many American homeowners have turned to their home equity as a source of borrowing power. And with interest rates currently at historic lows, a HELOC can be an attractive option for those […]