The Costs, Perks and Risks of Borrowing Against Your House

Guide to Home Equity Loans: Pros & Cons, Requirements & Limit

A home equity loan borrows against the value of your home. It’s one way you can fulfill your large financial goals or needs since you receive a lump sum from your bank. MoneyGeek dives into pros and cons, and whether this is the best choice for you.

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Last Updated: 2/1/2024
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About Jeff Ostrowski


Jeff Ostrowski headshot

A veteran business journalist, Jeff Ostrowski writes about money for the Palm Beach Post in Florida. Ostrowski is proud to say he knows how to use a financial calculator to amortize a mortgage.