scorecardresearchHome equity loans: Here's all you need to know

Home equity loans: Here's all you need to know

Updated: 03 Jan 2022, 10:13 AM IST
TL;DR.
Home equity loans provide a way out when you need urgent cash by tapping into the market value of your home. However, such loans have a number of advantages and disadvantages. Let’s find out more
A home equity loan, also known as a second mortgage, is a loan that allows homeowners to borrow money against the equity of their homes.

A home equity loan, also known as a second mortgage, is a loan that allows homeowners to borrow money against the equity of their homes.