With real estate values on a seemingly never - ending rise, a home equity loan or home
equity line of credit seem like a no - brainer.
Not exact matches
And given the current state
of affairs, with this interest rate increasing trend, the home
equity line of credit option doesn't
seem the way to go.
Running up living expenses, paying for vacations, or buying that ski boat you've always wanted may
seem reasonable because
of a home
equity line of credit's low interest rate.
HELOC vs. cash - out refinance for card debt repayment — Before you acquire a home
equity line of credit or cash - out refinance on your mortgage to get out
of debt, there are other determining factors to consider for what may
seem like a great idea... (See Out
of debt)