How to Tap Into Your Home Equity Safely
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There are times when people need access to cash in a hurry. For example, emergencies happen, or you want to buy something expensive. One way of accessing the money you have tied up in equity in your home is by tapping into home equity, also known as “taking out a second mortgage.” There are several ways to tap into your home’s equity to get a specific amount of cash. But tapping into your home equity also comes with significant risk.
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