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A home equity loan is a type of loan that allows homeowners to borrow money based on the value of their home minus the amount they still owe. FORUM's Home Equity Loans feature:
Home equity loans typically offer lower interest rates than other types of loans, and the interest may be tax deductible. Be sure to talk to your tax advisor about your specific situation. Plus, choose a fixed rate loan for predictable monthly payments.
A home equity loan is a great way to accomplish goals in your life, whether it’s sending your children to college or renovating your home for that much needed space. Use your loan or line of credit for home improvements, debt consolidation, education expenses, and more.
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