If you have built up a good amount of equity in your home, you might be considering taking out a home equity loan, but is this a good idea? First, think of a home equity loan, also sometimes called a home equity line of credit as an investment tool. If you will be using the money in order to make a significant improvement to your home that will increase it’s value, then this is probably a good investment. A good example is if you remodel your kitchen or adding on additional square footage to your home. These things will generally … Continue reading →