Now That You Own A Home, Put It To Work For You

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Now that you own your home, and especially if you’ve paid some of your loan down, there are some ways you can use your home equity to go to work for you. The big difference is that your home acts as collateral when the lending institution considers whether or not to offer you a loan. Because you have that collateral, most equity loans and lines of credit are at much lower interest rates than what you may pay on a credit card or other unsecured loan.