NBC offers great ways to utilize the equity in your home.
Home equity loan:
A fixed loan amount and rate with regular payments.
Home equity line:
A revolving line of credit, interest only, with payments made based upon what you use.
Use equity loans for home upgrades, investment properties or land acquisitions. Some use equity for cars, vacations and consolidating debt.
NBC’s Bryce Morgan knows the ins and outs of home equity as a financial tool. Bryce is ready for your questions!