Sentences with phrase «started tapping the home equity»

She also started tapping the home equity line of credit to pay bills.

Not exact matches

You can tap into equity to gain access to money through a cash - out refinance, for example, which can help you start a new business, pay for college tuition or finance a home renovation.

If tapping home equity is only a temporary solution to bridge the gap until you start to draw down your retirement assets or start receiving guaranteed income payments, consider applying for a home equity line of credit while you're still employed and more likely to qualify for the best rates.

So more people are starting to tap their home equity again to pay for certain things.

That's when the Murrays wondered whether downsizing and tapping some of the equity in their paid - for home might help make up the difference and allow them to kick - start their plans sooner.

Before you start borrowing under the federal parent loan programs — or look to private solutions — you may want to determine if tapping into your home equity might offer a better path for your situation.

Tapping into your home equity can give you the financial funds to start a business, renovate your existing home, or purchase investment properties.