Three Ways To Use Home Equity To Pay For College

Mortgage banker Jeff Miksta explains three ways to tap your home equity to pay for college. With mortgage interest rates at near record low levels and home prices recovering, using home equity to help cover college costs is a good option for many parents. The key to tapping your equity is to understand your options ahead of time and what option will give you the best balance between low payments and paying off your loan before or while you are in retirement.