Posts tagged as:

hel

July 30, 2008

How risky is a HEL/HELOC?

It is rather risky, I’d say, because it is secured by your home equity. Should you default on your payments, you can lose your home. But the purpose of HELOC is not to deprive you of your property; it is to provide you with some funds when needed. If you make sure that you understand [...]