Home Equity Loans can provide you with large amounts of cash at relatively low interest rates and can provide you with the same tax advantages available with other kinds of loans. (Check with your tax advisor for details.)

Home Equity Lines of credit require you to use your home as collateral for the loan. In addition, a home equity line gives you easy access money.

In addition to Home Equity Loans, there are other ways to access equity in your house. For example, you may want to explore second mortgage installment loans. Although these plans also place an additional mortgage on your home, second mortgage money usually is loaned in a lump sum, rather than in a series of advances made available by writing checks on an account. Also, second mortgages usually have fixed interest rates and fixed payment amounts.