Home improvements can be expensive. Some remodels, like kitchens and bathrooms, can even cost tens of thousands of dollars. Roofs and siding are the same way, easily crossing the $10,000 mark. And even smaller projects can cost several grand.
That’s why so many homeowners turn to financing products for their home repairs.
If you have equity, you typically have two choices: a home equity loan or home equity line of credit (HELOC). If you’re wondering which one is right for you, here’s what you need to know. Continue reading