TOP EQUITY LOAN

- Homeowners should make sure they understand the risks and benefits of borrowing against their equity because the interest rate can go up if the value of the home declines... - Homeowners may want to consult with a financial advisor before taking out a home equity loan... There are two kinds of equity debt: home equity loans and home equity lines of credit. Home equity loans are provided in lump sum, and they are paid off in equal monthly installments over a set of period. Home equity lines of credit have revolving balances and work like a credit card.