Using Home Equity for a Major Purchase

Purchase Information
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Home Equity Loan
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Seller Financing
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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.
These bright tools are here to shed a little light on your finances, but they’re just for guidance. For any tax or investment advice, please speak to your advisor. All final loan terms will be based on the borrower’s credit worthiness.