Homeowner with good credit history usually will be

Question

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Homeowners with good credit history can use their home equity as collateral to obtain loans at lower interest rates than other sources. As long as the borrowed amount is reasonable and the loan payments can be easily managed, borrowing against home equity can help achieve financial goals such as paying off high-interest debt, financing a home improvement project, or covering unexpected medical expenses. It is important, however, to exercise caution and not borrow more than what is truly necessary, as this could lead to difficulty in making payments and putting the home at risk of foreclosure.

Homeowner with Good Credit History Usually Will Be