A home equity line of credit is a form of revolving credit where your home serves as collateral. A home often is a consumer’s most valuable asset, so many homeowners use home equity credit lines only for major items, like education, home improvements, or medical bills. They choose not to use them for day-to-day expenses. With a home equity line, you will be approved for a specific amount of credit.
RSD Real Estate is located just east of downtown Fort Worth and we are ready to serve you. We hope this information will allow you to make a more informed decision. Contact us if we can assist you.
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