What Is A Home Equity Loan?
A home equity loan is a type of loan that allows you to use the equity of your Santa Cruz home as collateral. It is an option that homeowners have available to them and that some people use to pay for major expenses such as home renovations, college education or medical bills.
These types of loans became popular in 1996 because they provided a way for consumers to circumvent their tax charges for that year, which eliminated the deductions on the interest for most consumer purchases.
Are Home Equity Loans A Good Idea?
It is a good idea to leverage your shelter for cash? What is a legitimate reason for taking out a home equity loan? It can be tempting to use the equity you have in your property to pay for…