However, there are many risks associated with home equity loans. Home equity loans allow you to borrow against the equity of your home. In other words, you are using your home as collateral in order to borrow large sums of money. Home equity loans are attractive to borrowers because it is an efficient way to borrow large sums of money.
However, if you cannot make the required payments on your loan, you put yourself at risk of losing personal loan india quora home. What is Equity. Equity is the down payment you made on your home, plus the principal you have paid since your down payment, plus the increase in value of your home since you bought it. People use home equity loans for a variety of reasons, including debt consolidation, education, home improvements, medical expenses, emergencies, and big-ticket purchases.
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