Home Equity Line of Credit or Home Equity Loan?

Courtesy EzineArticles: Home Equity Loans  Wed, 11/25/2009 - 11:43

If you have been a homeowner for more than a few years, you will have equity built up on your home no matter what kind of mortgage payment plan you have.

Equity is the difference between what you owe on your home and what you could sell it for on the current market.

If your home is appraised at $180,000 and you only have $80,000 owed on the property, you have $100,000 available in your home.

If you are looking...

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