Looking to take advantage of your home’s equity?
The Lawhead Team would like to share the latest “One Cool Thing” about tapping into your home equity:
75% of homeowners who say that home improvements or repairs are acceptable reasons to tap their home equity.
Homeowners could be tempted to use their home equity for:
- 44% use their home equity for debt consolidation
- 31% use it for tuition or other educational expenses
- 15% of home equity is used to keep up with their regular bills
- 12% use it for other investments
- 9% of homeowners believe it would be a good idea to use their equity to purchase a big ticket item such as appliances or furniture.
Source: Bankrate.com
