Borrowing from Your Home’s Equity

October 1, 2007 | ipso

Home equity lines of credit are the most consistently low-cost way to borrow money. HELOCs are contingent upon net equity in one’s home, less any primary mortgage. They can be up to 80-100% of available equity in a home. Interest is generally tax-deductible up to $100,000, with extensions for utilizing the funds for home improvements […]