Home Equity Loan

Also known as a second mortgage, this type of loan allows homeowners to borrow against the value of their home. The amount of the loan is based on the difference between your equity in the home and the home’s current market value . . . so basically you’re borrowing the amount that you could hypothetically stand to pocket by selling it.

This new year, get out of debt and become financially free

I'll teach you my 3 simple, life-changing habits to get control of your money!