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When you take out a home equity loan, you're taking a risk: if you don't make your loan payments, you could lose your house. Before you even think about a home equity loan, make sure you understand what you're getting into and are borrowing for the right reasons.

What is a home equity loan?

Your credit rating: what is it and why is it important?

Do you really need a loan?

The pluses and minuses of home equity borrowing

Save money and build a strong financial future: Get smart before you borrow
BorrowSmart Public Education Foundation provides the knowledge, skills and tools home equity borrowers need to gain financial literacy and "borrow smart."

Established in 2001, BorrowSmart and its partners empower consumer equity borrowers through lenders, credit counselors, regulators and direct contact by providing free information and education that leads to open access to available credit for all homeowners.
BorrowSmart Public Education Foundation will grow to a national presence and be recognized throughout the housing and financial communities for its educational programs and services to reduce the national foreclosure rate among home equity borrowers. BorrowSmart programs will create smarter home equity borrowers and more home ownership retention across America.
 




BorrowSmart is a consumer service provided by the BorrowSmart Public Education Foundation.
© 2002 - 2008 BorrowSmart Public Education Foundation.