Thanks to strong home appreciation, Americans have accumulated
$35 trillion in home equity, which can fund renovations and improvements that boost their home's appeal and resale value. There are several popular ways to liquidate home equity, including a home equity loan, home equity line of credit, cash-out refinance and FHA 203(k) rehab loan. Homeowners should consider each home improvement loan's pros and cons and determine which option will best meet their needs.
Take a closer look at the advantages and disadvantages of using home equity to improve your property by reading my newest article for US News & World Report, available
here.