All About HELOCs and Home Equity LoansNov 11 2013
By: Nicole Gates
Getting a second mortgage, when managed responsibly, can be a great financial tool that can be used for multiple things, such as home improvements, investing in real estate or paying college tuition. Plus, the benefit of using second mortgages is not only competitive rates but the tax-deductible interest.
In this week’s Mortgage Monday article, we discuss the two types of second mortgages available, HELOCs and Home Equity Loans. Review the pros and cons of each and discover which option is before for you if you’re considering a second mortgage.
Read the full article here.