If you have a lot of equity in your home, it often makes more sense to take out home equity loans rather than a personal loan. Though this does attach more debt to your house, it's usually a more flexible financial instrument. Here are a few of the advantages. 1. Your Credit Requirement is Lower A personal loan generally requires a very high credit score. Personal loans are not secured loans; if you default on it, the lender has no choice except to simply try to collect their debt.
19 June 2017