Lines of credit, often referred to as equity lines, have proven to be invaluable sources of capital for homeowners who have built up a reasonable amount of equity in their homes. Those owners looking to renovate, build a portfolio of income-generating investment properties or make other major purchases can leverage a line of credit, repaying the money at their home loan’s interest rate. Because home loan rates are far lower than those commonly associated with personal loans or car loans, using the equity in your home can be one of the most effective ways to finance the purchase of vehicles or shares.

Leave a Reply

Your email address will not be published. Required fields are marked *