Home Equity – What’s the catch?

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Friends. I keep getting emails from my mortgage company offering a chance to pull from my 30k+ equity. How does that work? What happens if I try and cash it out?

In: Economics

8 Answers

Anonymous 0 Comments

It’s a loan that you will pay back with interest. However, if you need a loan this is not a bad option as the interest rates will likely be as low as you’ll find.

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