![Know Before Taking Out a Home Equity Loan](https://mykymortgage.com/wp-content/uploads/2018/05/ialicante-mediterranean-homes-475777-unsplash-1.jpg)
What You Need to Know Before Taking Out a Home Equity Loan
Borrowing against home equity can be a convenient way to access cash, but it also carries risk, as millions of Americans learned in the housing crisis of 2008. If you’re considering it, CNBC tells you 4 things borrowers should know. 1. It’s getting (slightly) easier to qualify More than 10 percent of lenders eased their credit standards somewhat for HELOCs in the first