Using Home Equity for a Major Purchase

Purchase Information
$
$
Home Equity Loan
%
Seller Financing
%
Home Equity Loan
Seller Financing
Cost of Loan Comparison
Home Equity Loan Seller Financing
Total Interest
Total Principal
Total Cost of Loan
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.