There’s little more exciting than purchasing your first investment property with hopes of increasing your wealth.
Whether you’ve been considering the idea for a while or you’re just warming up to it, now is a great time to gather the facts.
Let’s look at why.
That’s essentially what a line of credit (LOC) or credit loan is. An LOC allows you to tap into your home’s equity when necessary, only paying interest on the amount you use.
Let’s look at how a line of credit works and whether or not taking one out is a smart move for you.