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A lot more people are employing a mortgage that is second buy university. In case you?

A lot more people are employing a mortgage that is second buy university. In case you?

Posted: Nov 8, 2019 3:59 a.m. ET

Specialists weigh this sort of financial obligation versus figuratively speaking

GretchenBrown

This short article is reprinted by authorization from NextAvenue.

Julie (whom prefers to make use of a pseudonym because of this tale), 54, would like to get her child through university without incurring any figuratively speaking for the $30,000 annual tuition. So, she helped fund her daughter’s year that is freshman taking right out a form of second home loan — a house equity credit line, or HELOC. Leer más