Is building equity part of your long-term financial plan?
When you own a home, you may qualify for tax benefits not available to renters.
Factor in principal and interest, property tax and homeowners insurance to your payment.
Your debt-to-income ratio is your income less income tax, expenses and debt.
Down payment, purchase price, and loan terms and interest rate, affect your loan amount.
Learn what determines if you qualify for a home equity loan or line of credit.
Compare a fixed rate home equity loan and a variable rate home equity line of credit.
Learn which of your mortgage taxes you might be able to deduct from your income taxes.
A home equity line of credit works best when you need to pay ongoing expense over time.