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University of Minnesota Moment

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October 26, 2006

Beware of Home Equity Loans

We've all seen the advertisements enticing one to take out a home equity loan to use for a long-awaited vacation, pay off debt or for extra cash in your pockets. Rosemary Heins with the U of M Extension Service says it's important to remember that these loans are basically the same as a second mortgage... and they have significant dangers and drawbacks.

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Comments

that is true , there is so many hidden cost. but that all we will face after taken loan so for applying particular equity all info. must read properly

that is true , there is so many hidden cost. but that all we will face after taken loan so for applying particular equity all info. must read properly

Hi,home loans, don’t pay for extras you don’t need.Buying a home might seem like a pretty straightforward operation. You check what price range you can afford. You choose a house that fits your requirements as closely as possible.
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Frank.L
Home Loans

I think that's a good post. It's important to keep positive. We have to look for the good in everything.