Belco Community Credit Union

Most of us know there are many advantages associated with being a homeowner including utilizing the equity in your home in the form of a home equity loan. Of course, being a homeowner doesn’t automatically qualify you for a home equity loan. You must have a certain percentage of equity, the income and credit to support the loan. This article will walk you through what a home equity loan is, discuss pros and cons, and outline what you may need to qualify for a home equity loan in 2019. What Is A Home Equity Loan? A home equity loan is a loan you take out against the equity in your… read more »