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    ur most valuable asset (your home) at risk, think twice.

    Home equity second mortgages offer two basic options – a home equity loan (HEL) and a h

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    The advantages and disadvantages of second mortgage home equity loans are important to consider.

    Using your home as collateral may sound like a great idea, especially if you're drowning in unsecured credit card debt.

    But there are some serious risks.

    To begin with, the number of people going into mortgage default and foreclosure is increasing rapidly and the Federal Reserve Board believes it's only going to get worse as more adjustable rate mortgages start switching to higher fixed rates.

    So, if you want to keep the roof over your head, before you put what's probably your most valuable asset (your home) at risk, think twice.

    Home equity second mortgages offer two basic options – a home equity loan (HEL) and a h

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    great idea, especially if you're drowning in unsecured credit card debt.

    But there are some serious risks.

    To begin with, the number of people going into mortgage default and foreclosure is increasing rapidly and the Federal Reserve Board believes it's only going to get worse as more adjustable rate mortgages start switching to higher fixed rates.

    So, if you want to keep the roof over your head, before you put what's probably your most valuable asset (your home) at risk, think twice.

    Home equity second mortgages offer two basic options – a home equity loan (HEL) and a h

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    ople going into mortgage default and foreclosure is increasing rapidly and the Federal Reserve Board believes it's only going to get worse as more adjustable rate mortgages start switching to higher fixed rates.

    So, if you want to keep the roof over your head, before you put what's probably your most valuable asset (your home) at risk, think twice.

    Home equity second mortgages offer two basic options – a home equity loan (HEL) and a h

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    ustable rate mortgages start switching to higher fixed rates.

    So, if you want to keep the roof over your head, before you put what's probably your most valuable asset (your home) at risk, think twice.

    Home equity second mortgages offer two basic options – a home equity loan (HEL) and a h

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    ur most valuable asset (your home) at risk, think twice.

    Home equity second mortgages offer two basic options – a home equity loan (HEL) and a home equity line of credit (HELOC). And they both have similar advantages.

    With either a HEL or HELOC you get lower interest rates than most credit cards, plus tax deductible interest payments.

    HEL is a lump sum loan usually with a fixed rate that you pay off in monthly installments over a period of 5, 10 or 20 years.

    HELOC, on the other hand, is more like getting a credit card.

    It's a line of credit, usually with a variable interest rate, on which you can draw X amount of money for X amount of time.

    The lender then expects you to make monthly payments on your debt

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