I'm considering building a new addition to my home. Would a HE or HI loan be most advantageous to me, or would a HE loan even apply?
Home equity loans can be used in most states for such a project. In fact, some home improvement loans, if secured by a mortgage or deed of trust on your home, would be considered home equity loans.
In certain cases, the interest on a home equity loan may be deductible for tax purposes. Check with your tax advisor for specifics relating to your situation. Check with your bank to determine the type of loan that best meets your needs.
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Home equity loans can be used in most states for such a project. In fact, some home improvement loans, if secured by a 