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Refinancing

Consider getting a home equity line of credit with your home loan. Credit cards are a good thing, but a Home Equity Line of Credit is even better.

A credit card is a revolving line of credit that you use when you need it and make payments only if you use it. But credit cards can come with a high price: Sky-high interest rates.

A Home Equity Line of Credit is like a credit card in that it’s a revolving line of credit that you use when you need it and make payments on only if you use it. But, unlike most credit cards the Home Equity Line of credit comes with a low price: Rock-bottom interest rates, and unlike credit cards, the interest paid on a Home Equity Line of Credit is usually tax deductible.