Tapping Home Equity Is Cheap, but Qualifying for a Loan Is Tough

Photo: Chalet Les Cîmes

A home equity line of credit can be a great way to borrow money inexpensively if you thoroughly understand how it works and have the self-discipline to borrow responsibly. People use these loans for home improvements, debt consolidation, buying a car, sending a kid to college and more. Learn more about this type of loan in my Interest.com article, Tapping Home Equity Is Cheap, but Qualifying for a Loan Is Tough.

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