A Home Equity Line of Credit borrows from the equity you have in your home. In most cases, the rate will be lower than rates for credit cards or other forms of credit. It works like a credit card with an adjustable rate, term and monthly payments that do not change. You can use it for just about anything – like a home improvement project, an auto purchase, family vacation, education expenses and more!
Apartment getting too cramped? Ready to move out and move up? Buying your first house is an exciting milestone. Though the task can seem daunting, use these 5 home buying basics to keep you on track and help the process run smoothly.