Reported 1 day ago
With home values reaching historic highs, homeowners are increasingly tapping into their equity through home equity loans and HELOCs (home equity lines of credit). While interest rates for these loans are currently lower than they have been in the last year, they are still above historical averages. Whether borrowing against home equity is a wise choice depends on individual circumstances, as well as the purpose of the loan. Home equity products can provide cash for unexpected expenses, but they come with risks, including the potential loss of the home if payments are not met.
Source: YAHOO