A home equity loan can be used for a number of reasons. Instead of selling, consider a home equity loan to build an addition to your current house.
Grapevine Texas House Buyers: Deciding to sell your house in today’s market may not be the best option if there is any way that you can wait. Even if the market doesn’t cause the home prices to rise much, at least you’ll have more of your mortgage paid down as time goes on. If you have equity in the house you may want to consider a home equity loan. That gives you some room to breathe if your bills are piling up due to a temporary setback. You may still want to sell, however, if your setback will be longer term and you don’t see the light at the end of the tunnel.