0
   

Home Equity Loan

 
 
rogers
 
Reply Fri 13 Jun, 2014 07:19 am
Why should I need to use my equity?
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 570 • Replies: 4
No top replies

 
jespah
 
  1  
Reply Fri 13 Jun, 2014 07:45 am
@rogers,
You shouldn't, if you live within your means, like responsible people do.
0 Replies
 
engineer
 
  1  
Reply Fri 13 Jun, 2014 09:21 am
@rogers,
If you get in a position that you must borrow money, then a home equity loan might be the lowest interest rate and the best payment terms that you can obtain. You should protect your equity like you do any other asset you have but sometimes people have good reasons to borrow. What you should avoid at all costs is going on a spending spree using your home equity.
0 Replies
 
DeborahMilam
 
  -1  
Reply Sat 21 Jun, 2014 12:44 am
Home equity is a difference between the value of your home and how much you owe against the bank. For example, if your home worth $ 600,000 and you owe to bank $250,000 then you have$190, 000 equity. The main advantage of home loan is that it can used as security with the bank and borrow against it. It helps in following purpose:
To extend your home.
To buy a car.
To go on a holiday.
For any use the bank allows.
0 Replies
 
RonaldHarris
 
  0  
Reply Mon 24 Nov, 2014 08:27 am
A home equity loan is a kind of financial loan in which the customer uses the equity of his home as guarantee. Home equity loans are generally used to fund major expenses such as home repairs, medical bills, or college education. It has several benefits like Low Interest Rates, Flexibility, Stability.
0 Replies
 
 

Related Topics

Where is the US economy headed? - Discussion by au1929
Debt consolidation - Question by rogers
Shopping Around For Loans - Question by Brandon9000
What is greed? - Discussion by Robert Gentel
bonds series h - Question by allen russell
Naked Short Selling - Question by optimus cubed
HOW TO GET WEALTHY - Discussion by farmerman
 
  1. Forums
  2. » Home Equity Loan
Copyright © 2019 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 09/17/2019 at 10:51:29