Transform Home Equity into Cash Opportunities Today
Potential Risks and Considerations
While accessing home equity can be beneficial, it's important to be aware of potential risks:
- **Risk of Foreclosure**: Defaulting on a home equity loan or HELOC can result in foreclosure, as your home serves as collateral.
- **Variable Rates**: HELOCs often come with variable interest rates, which can lead to higher payments if rates increase.
- **Market Fluctuations**: A decline in home values can reduce your equity, potentially leaving you owing more than your home is worth.