Q&A: Home Equity Loans?

Question by tripeace: Home Equity Loans?
Can somebody please explain to me how house equity financing function?

Best answer:

Answer by alterfemego
There are like lines of credit that draw against the homes equity. So you may be provided a book of checks you are able to employ whenever we desire. But, this kind of loan is a big NO NO inside Suze Orman’s globe. She states you really need to not employ the homes equity like the individual bank. Why do we think a lot of persons are upside down inside their financing now? They pulled all equity out plus not values have declined. ooops!

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