Episode 9: Home Equity and How to Use It
- Home Equity is you fair market value, or what you bought your home at, minus the amount you owe.
- Using your home’s equity for a loan uses what you own of your home as collateral, meaning lower interest rates for you.
- If you have multiple debts, moving all of them to one home equity loan means that you only pay one, low interest rate on your debts.
- Talk to us about what your interest rate could be by calling 800-732-4447.