Thumbs up—and down—on 7 uses you might be considering
YOUR HOME’S VALUE shouldn’t be overlooked as you build your financial strategies for the future—and the equity you hold in it is one resource you can draw on to help you cover certain expenses.
But, there are some expenses that you should never use home equity for, says Marie Imundo, senior vice president of Mortgage Product Strategy, Global Wealth and Investment Management at Bank of America. After all, why put at risk the place where you raise your family and dream at night? In the following slideshow, Imundo gives her thumbs up—and down—on seven home equity uses you might be considering.