Is it better to get a home equity loan or line of credit for a car and some home improvement?

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One Response to “Is it better to get a home equity loan or line of credit for a car and some home improvement?”

  1. Jen G says:

    The most important factor would be costs and or int. rates. HELOC’s are at 8.50% and that’s rather high. If you have good credit you might finance your car through the bank at 0.0% to 4.9%. Or your other option would be to REFI and get CASH OUT if you have the equity in your home. Look around and get some quotes so you know you are getting the best deal.
    Good Luck!

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