Caldwell, NC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 June is National Homeownership Month and here's Reason #6 why you should own your own home: IT GIVES YOU SOMETHING TO BORROW AGAINST, IF NEEDED The equity you build in owning your own home can provide financial resources for important or significant expenses when you might not have the needed cash on hand. Such expenses could include a child's college education, medical costs, necessary addition to your home, etc. While it's never a great idea to borrow against your home's equity for frivolous items, when it is necessary to do so, it's an avenue of funding via a home equity loan that can also provide the following benefits:Proceeds from a home equity loan are not considered income and are not taxable.Home equity loans may provide you with some tax breaks for the interest you pay. The a...
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