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Home Equity Loans – Ideas of What You Can Do With Your Home’s Equity
If you are wanting to get a home equity loan, rates are still low enough
that you may want to make use of that equity in your home. Do you need
some ideas on what you could do to multiply your equity or make some
extra money off of the capital that could be available to you?
Top Recommended Companies To Refinance With:
(updated ):
Act Now! Lower your monthly mortgage payment!
- Competitive rates and no hidden fees
- Bad Credit OK
- New Purchases, Home Equity & Refinance
- One dedicated mortgage banker from first call to closing
- Quick Application with worthwhile results
If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.
Mortgage rates are still low. Refinance & Lower Your Payment!
- Get Started on a Lower Payment Now!
- America's #1 Online Lender
- Save More and Spend Less!
- No Obligation and Free Expert Advice Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.
Here are some suggestions of
ways to put the equity to good use when you go to take out
a home equity or cash out refinance loan.
1. Do a home improvement that
will increase the equity in your home more than the cost
of doing the improvement. As an example, I have heard rumors
that adding a deck to a home, because of the amount it increases
the homes resale value, can add up to 4 times the cost of
actually installing the deck.
2. If you have a low interest
rate on your home, invest your equity in a low risk investment
that has a much higher return on your money.
3. Buy an existing business
or start a new business with the equity capital in your home.
If you can start a low risk business, take the opportunity
to let your equity work for you.
4. Use the equity as a down
payment on an investment property or a rental.
5. Use it to consolidate high
interest debt and possibly save yourself hundreds of dollars
a month to put toward something else.
6. Use it to finance your education
and increase your earning power.
7. If you live in an area zoned
for this, you could finish a basement or area of the house
to rent out. You could create a separate living space or
apartment on your property.
Just be careful to not do anything
risky with the equity in your home. If you can get a low
enough rate, it may be worth taking that money and investing
it somewhere else.
Here are our top picks for mortgage lenders who do home equity loans:
For a home equity loan for up to 125% of the value of your home, we recommend:
Top Recommended Companies To Refinance With:
(updated ):
Act Now! Lower your monthly mortgage payment!
- Competitive rates and no hidden fees
- Bad Credit OK
- New Purchases, Home Equity & Refinance
- One dedicated mortgage banker from first call to closing
- Quick Application with worthwhile results
If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.
Mortgage rates are still low. Refinance & Lower Your Payment!
- Get Started on a Lower Payment Now!
- America's #1 Online Lender
- Save More and Spend Less!
- No Obligation and Free Expert Advice Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.
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