Home equity loans and credit lines consumer information. Home equity loans. A home equity loan is a loan for a fixed amount of money that is secured by your home. You repay the loan with equal monthly payments over a fixed.
Using home equity to pay off debt home equity loans. Learn how using a home equity loan or line of credit to pay off higher interest debt can help you pay it off faster and save you money. Should you use a home equity loan to pay for college?. Drawbacks of tapping home equity to pay for college "a home equity loan certainly can be used to pay for college education, but it probably should be pretty far down.
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