blog trackingweb statistics
×
In

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.

\n\n

September 4, 2026 / 1:48 PM EDT / CBS News

\n\n

Leveraging your home equity always needs to be done cautiously and strategically. The money you're borrowing with a home equity loan, after all, is directly withdrawn from your home. And if you're unable to pay it, the lender has the right to foreclose on the property in question, making this unique borrowing product both advantageous and potentially perilous for homeowners who aren't careful in their approach. That said, there are some ways to circumvent these risks, even if you can't erase them entirely.

\n\n

Borrowing a smaller amount, which will be easier to repay, is one of them. And using a home equity loan instead of a home equity line of credit (HELOC), the former of which comes with a fixed interest rate that makes budgeting both reliable and precise, is another. So, if you need an amount such as $25,000 (the average home equity amount is worth considerably more), this could be the smart way to secure it.

\n\n

To better ensure borrowing success and to reduce any financial stress, it…

Original source: https://www.cbsnews.com/moneywatch/

Leave a Reply

Your email address will not be published. Required fields are marked *

Author

seoexperts1994@gmail.com

Related Posts

In

How to save on car insurance in 2027: Take these steps now

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. November 6,...

Read out all
In

Data centers are unpopular — and a key motor of economic growth, experts say

November 6, 2026 / 3:50 PM EST / CBS News The shifting political winds surrounding data centers could buffet the entire U.S....

Read out all
In

How to shop for car insurance online

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. November 6,...

Read out all
In

AI data center backlash fuels votes for change and sharp stock market swings

November 6, 2026 / 12:57 PM EST / CBS News Concern over AI and misgivings about data center construction helped drive votes...

Read out all
In

You settled a debt for less than you owed. Here’s what to expect when you file your taxes.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. November 6,...

Read out all
In

These are the most popular strategies Americans are using to pay off expensive debt

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. November 6,...

Read out all