What are home equity loans?
A home equity loan or line of credit uses the available equity in your property to finance a loan or line of credit. Equity is the amount of the home you have paid off. Home equity loan products typically offer lower rates than a personal loan.
What can I use the money for?
There is an endless amount of purposes you can use home equity loan products for:
* Remodelling or landscape project
* College or other education costs
* Car purchase or car repairs
* Debt consolidation
And more!