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Do you have a car that’s worth more than you owe on it? That means you have equity in your vehicle. Did you know you can use that equity for a secured loan, which could save you a lot of money? You may already be familiar with secured loans. If you have a home equity loan, commonly referred to as a second mortgage, that loan is secured by the equity in your house. What you may not know is that you can also borrow against the equity in your vehicle. For example, if you have $10,000 in equity on your…
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