May 2, 2016

Fast stepping to the home equity tap dance

With the resurgence of the housing market in recent years, home values aren’t the only things on the rise. Home equity—the difference between how much your property is worth and the amount you owe on your mortgage—is also increasing, as are the average homeowner’s chances of qualifying for a home equity line of credit (HELOC), a valuable loan that can come in handy and cost less overall than other borrowing options.

I explore HELOCs and their pros and cons in my latest article for Content That Works, which you can read by clicking here.