Historically, as home prices have risen, the value of your home has probably also increased. With a Home Equity Line of Credit or Home Equity Loan, you borrow against your home's equity.
It's an ideal way to use your home to get extra cash for home repairs, tuition, debt consolidation or anything else you'd like. And the interest on your Home Equity Loan or Home Equity Line of Credit may be tax deductible. (Consult with your tax advisor to see if you can take advantage of this deduction)