Notifications
Clear all
Risks of Home Equity Loans
2
Posts
2
Users
0
Reactions
7
Views
Just saw a news story about a family who took out a big home equity loan to renovate their kitchen, but ended up underwater when property values dipped. Kinda scary how quickly things can flip... anyone else seen similar stories or experiences?
1 Reply
Yikes, yeah, that's rough. I remember when my neighbor went all-in on a backyard pool and patio setup right before the market took a nosedive. He joked he had the fanciest underwater property in town... literally. But hey, markets swing back eventually, and at least they got a nice kitchen to cook in while waiting it out. Sometimes you just gotta ride these things out and keep a sense of humor handy.
