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Put Your Equity to Work

Home equity loans and lines of credit are versatile tools for taking control of your finances and making the
most of the equity you've built in your home. In this section, you'll learn many ways you can use home
equity loans and why it give you extra advantages.  

Ways to use home equity loans and lines of credit:

Reduce monthly payments by consolidating debts on credit cards and other consumer loans, lowering the
interest rate, and exchanging compound interest for simple interest

Reduce your tax burden by exchanging nondeductible interest (such as interest on credit cards and car
loans) for loan interest that may be fully tax deductible (see your tax advisor for complete details)

Get better terms on a home purchase or refinance loan by using home equity as part of your down
payment

Get ready cash for investment opportunities, unexpected purchases or emergencies as they come up
(lines of credit only)

Take cash for a specific reason, such as remodeling, college tuition, a new car, or a vacation


Find out more about Home Equity loans by clicking here