Savings and InvestmentsInvesting 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.