
Purchasing a home is one way to have control over your housing. But homeownership is also a wealth-building superpower. Pay off the mortgage, and the loan balance shrinks. Month by month, the home becomes a source of value that can grow with the real estate market.
At some point, you might want to tap into that value, to fund other goals. As a homeowner, you can consider a home equity loan (HEL) or home equity line of credit (HELOC).
Continue reading “Need to Pull Money Out of Your Home? Which Will Work—Home Equity Loan, or HELOC?”