If you own a home and have built up some equity in it, then you’re sitting on a great way to get some extra cash. I’m talking about home equity loans, which can be used in a variety of different ways. Some people use the money to make home improvements, some people use the money to pay down high-interest credit card debt, and some just use the money to take a well-deserved vacation. My mom used a home equity loan to help pay for my college tuition, which I will be eternally grateful for!
What would you spend the money on?