October 20, 2008 in Home Equity

Chapter 1: What equity debt is

Before tapping the equity in your home, become familiar with the way home equity loans work.

Chapter 2: Decisions, decisions

Home equity loans are available in two ways — as a fixed-rate loan or a variable-rate line of credit. Which one is best for your situation?

Chapter 3: Applying

The keys to a great rate are your credit history, your income and the loan-to-value ratio.

Chapter 4: Watch out!

Tapping your home’s equity can be risky. Know the loan rules, your home’s value and your actual costs before closing the deal.

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