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Coral Gables Gazette
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The Mortgage Corner

26-May-10

Home equity loan or home equity line?

With good weather upon us, now is a great time to think about enhancing the value of your home with a Home Equity Loan or Line of Credit. A home is a significant investment that is building equity every day towards your financial future. The equity in your home can be used to your advantage. Fund home improvement projects by borrowing against your equity to increase the value of your home. This type of loan is not only for home improvement projects. You can also put you investment to work for other important life needs, such as a college education, a new car, or even a vacation. There are two types of equity loans, a fixed rate loan, and a line of credit.

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