May 24, 2024

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Why you shouldn’t wait to use your home equity

1 min read


Despite rising rates, tapping into your home’s equity could be a good way to finance major home repairs and renovations.

Thomas M. Barwick INC/Getty Images

As a homeowner, the equity you build up in your home can be a valuable resource when you need it. Whether you’re looking to start a home renovation or you need to consolidate existing high-interest debt, home equity loans and lines of credit offer lower-rate options for accessing the money you need.

But as interest rates rise and economic uncertainty grows, borrowing any money will only get more expensive. Now could be an opportune time to tap into the equity you’ve built in your home, especially if your home value has…

2023-05-04 14:53:59

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