Click Here! smileysnews: Home Equity Line Purchases Homes

Tuesday, December 13, 2005

Home Equity Line Purchases Homes

Rehabilitation of homes has become a lucrative business. The past few years, my husband and I have used our home equity line to purchase homes that were being repossessed by the lending institutions. Rehabing the homes turned into a hobby for a couple of months during the year. Home equity lines of credit gave us the ability to purchase the home free and clear, rehab the necessary parts of the home, and get it into shape to list back on the open real estate market. How lucrative is it? Well, it has given us the funds necessary to save extra money for college educations and also add a little to our retirement. Try it, it is well worth it!

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