A home equity loan is a form of credit where your home is used as collateral to borrow money. It’s typically used to pay for major expenses (education, medical bills, and home repairs). However, if you cannot pay back the loan, the lender could foreclose on your home. Types of home equity loans. There are two types of home equity loans:
Homeownership offers multiple home tax deductions, tax credits and other breaks that aren't available to those who rent. If you bought your first.
The federal rebate of $2,500 is winding down, but still in play. Q: Sounding off about electric cars. We love our Honda Fit EV (5 years old now) but not the way you have to charge it when away from.
Homeowners who have lived in their present home for at least five years ,and meet certain other requirements, may be eligible for a refundable federal tax credit of up to $6,500 if they purchase a home between November 7, 2009, and April 30, 2010.