Equity Loan Equity Loan - An equity loan is a scary way to borrow money. When you get an equity loan, you borrow money against something of value that you own. An equity loan allows you to borrow as much money out of the item of value that you put into it. If you own a house and have put $200,000 into house payments, you can borrow $200,000 in an equity loan. It’s so easy to get an equity loan. Of course, it may not be as easy to pay that equity loan back. If you get an equity loan against your house, you will have to pay that equity loan back even as you pay your monthly mortgage. The interest for an equity loan may be very high, but perhaps people are able to negotiate cheaper rates. An equity loan seems to be something that could save your life if you have medical expenses you cannot otherwise pay. However, it strikes me that getting an equity loan for an expense such as a vacation or home remodeling or something else that is not a necessity is not exactly a great idea. Quelle "Equity Loan" : General Main page for "Equity Loan"