Home Equity Loan
If you have equity in your home, you may be able to qualify for a Home Equity Loan. Many people use that cash for home repairs, home upgrades, college tuition and many other types of expenses.
Some people use the cash to pay off credit cards at much higher rates. The best part is that you have total control and can use the money for whatever you want.
If you decide to use your home equity money, you can usually deduct the interest. That’s a pretty appealing reason to finally buy those big-ticket items you’ve been wanting. Home equity loans are also a good option if you face high medical bills or some other emergency.