Content Overview
- Summary
- What Are Home Equity Loans and Lines of Credit?
- How Do I Qualify For A Home Equity Loan Or Line Of Credit?
- How To Avoid Fraud When Seeking A Home Equity Loan Or Line Of Credit
- Taxes And Home Equity Loans
- Is A Home Equity Loan Right For Me?
- Tips To Consider If You Do Take A Home-Equity Loan Or Credit Line
- What To Do If You Can't Afford The Payments On A Home Equity Loan
Home Equity Loans and Lines of Credit 101 (HELOC)
Is A Home Equity Loan Right For Me?
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Consider the issues mentioned above before deciding to take out a home-equity loan. You could be increasing your monthly payments if you don't use the money to pay off other debt. Make sure you can afford this. If you can't, you could lose your house.
Complete your budget to see how your finances would look if you were to take out a home-equity loan.
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