🏠Why You Should Avoid Home Equity Loans
With a home equity loan, you borrow money against your home. It’s taking the supposed equity and using that to get cash for other needs. In short, it’s stupid. This type of loan means you’re risking the roof over your family.
This is your home. Instead, get an extra job and start saving for whatever you need or to pay off that debt. Live on less than you make. It’s not rocket science. It’s just basic common sense mixed with disciplined behavior.
Don’t take out a home equity loan.