Introduction

There are numerous benefits to owning your own home. Not only does it provide a place to live, where you can decorate as you want, but it also provides a source of wealth. Over time, most homes increase in value, and many homeowners use their gains for a whole host of purposes. Using your home’s equity can be a money-smart decision, but it is also a serious one that can have negative consequences if not done carefully. This module can help you make an informed choice. It will cover:

  • What is home equity?
  • Second mortgages
  • Refinancing
  • Reverse mortgages
  • Factors to consider
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