When does a home equity loan make sense?



CNN
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While the pandemic created unique challenges in nearly every sector of the economy, the US housing market surprised everyone by holding strong, and that pattern has continued into 2021.

Recent data from the National Association of Realtors shows that, from June 2020 to June 2021, the median price for single-family existing homes saw a near-record year-over-year increase of 22.9%. And interest rates for many financial products continue teetering near record lows.

This has left many consumers wondering if now’s the best time to access the equity that’s built up in their homes over the last few years. If

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