4. WHAT CAN I USE A HOME EQUITY LOAN FOR?
You can use a home equity loan for anything you need the money for. Some of the common reasons people apply for a home equity loan are:
- Home improvements
- Investment purposes
- Debt consolidation
- To buy another piece of property
- Pay off educational expenses/tuition
- Start a business or grow an existing business
- Take a dream vacation
- Finance medical emergencies
- For additional cash flow.