Savings and Investments

Investing in Real Estate

How do people use home equity loans?

Most people use home equity loans to reinvest in their home, by making value-increasing improvements like new kitchens and bathrooms, or fixing up exteriors, etc. Some people use home equity loans to consolidate and pay off credit card debt, invest in a business venture, or even use the equity in their home to fund living or medical expenses in retirement.


This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App