What are the benefits of a home equity line of credit or a home equity loan?
Home equity lines of credit and home equity loans allow you to acquire money from the equity you have built up in your home. It enables you to get access to money at rates that are generally lower than personal loans or credit cards and the interest paid on loans secured by a property may be tax deductible. Please consult your tax advisor to determine whether or not the interest would be tax deductible. Your home is a valuable resource; use it to your advantage.
