More owners tapping home equity lines of credit

By KENNETH R. HARNEY – LA Times.com /Distributed by Washington Post Writers Group / Copyright © 2014, Los Angeles Times If you’re thinking about taking out a home equity line, you’re hardly alone. Credit lines tied to home equity — popularly known as HELOCs — are one of the fastest-growing segments in the mortgage market. […]

The Best and Worst Uses for HELOCs

Home equity is a valuable asset for every homeowner and can provide funds for just about anything. However, when deciding to tap into your home equity, homeowners should use extreme caution and decide how valuable the investment will be in a few years. An advantage to tapping into your home equity loan is the interest […]