To borrow on your equity, you are able to just simply take a home equity line out of credit (HELOC) and draw funds as required. Think about a HELOC as credit cards, where a loan provider offers you a optimum loan amount and you will simply simply simply take down just as much until you reach the limit as you want.

An alternative choice is house equity loan. In the place of a credit that is revolving, a house equity loan offers you a set sum of money in one single lump amount that you’ll pay off over a specific time period. Continue reading →