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5 ways to tap the value in a paid-off home for cash

1 month ago   |   By Business Insider

Having a house that's bought and paid for can be a good source of cash when you need it. kate sept2004/Getty
There are five main options to tap into the equity of your home that's fully paid off
Among the benefits of doing so are that you can consolidate high interest rate debts or use the money to invest.
Cons include having to make monthly payments and taking on debt that uses your home as collateral.
You've finally paid off your house and are blessed to have no monthly mortgage payment. It's a great feeling. Your house is more than likely to be your most valuable asset. And since you...
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