Use Home Equity for a Major Purchase

Home Equity Loan

Loan Amount
$ 24,500
Monthly Payment
$ 461.22

Seller Financing

Loan Amount
$ 25,000
Monthly Payment
$ 448.10

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.