Since 2004, home equity borrowing in America has risen 278%, according to a study by 360FinancialLiteracy.org. Nearly $719 billion of home equity credit is on balance in America, which now exceeds the total balance on credit cards. A home equity loan is paid off over time. A home equity line of credit is repaid like credit card debt.
More Real Estate
More Real Estate
No comments:
Post a Comment