Call Us : (800)1444 000 4040

Category: Installment Loans In Delaware

Home Equity Loan Versus Credit Line: Pros and Cons

Home Equity Loan Versus Credit Line: Pros and Cons

Selling your property for a revenue often means a significant windfall. However in the meantime, while you’re living here, 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.

Those two kinds of “second mortgages” are drawn in the value of your house far above your balance on your own main home loan. (more…)

March 18, 2020