Homeowners Can Access Their Home’s Value Without Taking on Debt — But Should They?

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The rise in prices in recent years has increased tappable home equity to record highs.

Instead, the repayment is based on your homes future value.

While that could be appealing and work well for some homeowners, the devil is in the details.

Before you make a decision, its important tounderstand the pros and cons of various home equity options.

The higher percentage or certain contract terms might also limit the providers downside if your home loses value.

And when the contract term is up, you might not have the funds to make the repayment.

Before hopping on this bandwagon, homeowners should carefully consider all the possible risks vs. benefits.

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