3 ms·

You don’t have to sell your house to pull equity out of it.

• paulryanrogers 3y ago
  Is that really a gain though? You'd be paying back at a higher rate today.
  • comte7092 3y ago
    It’s money you can access if you need it. It’s a capitalized loan, so no matter what, it’s a better deal than you’d get if you were pulling the money from a credit card as an example. Need to pay for your child’s tuition? Start a business? Unexpected major expenses? You have a relatively cheap line of credit compared to every other option on the market. That’s still wealth no matter how you slice it. And, not even that long ago, that was wealth people could access for almost nothing, who knows what the interest rate environment will be in 5 years.