Purchasing a home is one of the biggest financial investments you’ll make in your life.
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- August 7, 2019
- Posted by General Electric Credit Union
- 6 read
Among the various perks that come with being a homeowner, one is watching your home’s equity rise while your mortgage loan amount decreases. With this built up equity, you can take advantage of borrowing against it in the form of a home equity line of credit, or HELOC for short, which allows you to use a percentage of your home’s equity to help pay for projects and large expenses.