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Is a home equity loan a good way to get extra cash?
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A home equity loan is a type of secured loan that allows you to borrow against the value of your home. It's a great way to access additional funds if you need them, but it can also be risky and should only be considered as a last resort. Before taking out a home equity loan, make sure you understand all the terms and conditions associated with it, including interest rates, fees, repayment terms, and potential risks.