Snap Up This Smart Financing With Home Collateral
Considerations and Costs
While home equity financing offers numerous benefits, it's essential to consider the associated costs and risks. Closing costs typically range from 2% to 5% of the loan amount3. Additionally, since your home is used as collateral, failure to repay the loan could result in foreclosure. Therefore, it's crucial to assess your financial situation and ensure you can comfortably manage the repayments.