Home equity loans use _________________ as collateral to secure the loan.

Question

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Home equity loans specifically use the value of your home as collateral, allowing homeowners to borrow against the equity (the difference between their home's current value and what they owe on their mortgage). This can be a good option for large expenses such as home renovations, but it is important to carefully consider the terms and interest rates before taking out a home equity loan.

Home Equity Loans Use _________________ as Collateral to Secure the Loan