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Using Home Equity for a Major Purchase

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Home Equity for a Major Purchase Calculator

When making a major purchase, using a home equity loan or line of credit is an alternative to financing offers often provided by a seller or manufacturer. In such cases, buyers often have the option of taking the seller-provided financing offer or a rebate on their purchase. Taking the rebate and using the equity in your home may provide a better alternative to the seller financing.

Your actual rate, payment, and costs could be higher. Get an official Estimate before choosing a loan. Loan and Interest calculators are for estimation purposes only.