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EQUITY FAQ
Why should I tap into my home’s equity?
It may be far less expensive to borrow money from the equity in your home than to pay the high interest
rates charged by credit card companies. You can use the equity in your home for major expenditures
like home improvements, automobiles, weddings, college tuition or a dream vacation. You may also use
it to consolidate high-interest credit card debt. Furthermore, the interest on home equity loans and
lines of credit is often tax-deductible. Consult your tax advisor for more details.