USING A HOME EQUITY LINE TO BUY A CAR OR OTHER MAJOR ITEM
Many people use a home equity loan to buy a car, land, investment property and other large items. This calculator can help you determine the cost of financing a large purchase with your home’s equity. We have even included the ability to add a rebate value, as many car dealers offer rebates for buyers who prefer that over a low-rate financing offer.
WHY USE OUR CALCULATOR BEFORE USING YOUR HOME EQUITY TO BUY
With our Home Equity Major Purchase calculator you can compare the seller financing to the cost of using the equity you have in your home. The longer term and lower monthly payments of a home equity loan can make it seem more attractive but could make the purchase cost much more over time. With this calculator you can explore your options safely.
GET STARTED TODAY
Don’t forget that Central Willamette can help you tap into the equity in your home with our Home Equity Line of Credit.