If you sell your home, all mortgages, including a home equity loan, will need to be repaid immediately upon sale. If your loan was for a home improvement that increased your home’s value, the difference may cover the immediate loan payment. However, home renovations do not typically offer a 100% return on investment.
or Home Equity / HELOC Loans While homeowners appear to be managing their repairs and stress well, renovations can cost homeowners thousands. One study found that homeowners spent an average of $6,649.
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