Thinking of applying for a home equity loan? Important factors to be aware of


A home equity loan is a useful way of obtaining a lump sum amount of cash for many different needs. As you continue to pay down your mortgage, your share of home equity will also increase. Many lenders allow you to access this option if you've accumulated a certain amount of equity over time. Homeowners have used home equity loans to pay down credit card debt, finance their children's college expenses, carry out home repairs and much more.

2 May 2019