Home Equity Loans and Rates Line of Credit Home Equity

People who have a home mortgage are the best savers in the world. This is because they arent just paying interest on the loan each month, they are also paying down the principal, which is like putting money in the bank. This also creates home equity that homeowners can tap when the need arises. Perhaps you have college tuition to pay, maybe you want to remodel the kitchen, then theres that cruise around the world you always promised yourself. This is where home equity loans come in. Move.com can help you find lenders with the best home equity rates. If you have not checked the value of your home in a while, you may be surprised to see how much home equity you have built just from the appreciation of your homes value. show more