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Home equity loans will become the new hotness. The federal government is putting its full weight behind creating a secondary market for them.
The new market will function similarly to primary mortgages on the bond market in the form of mortgage-backed securities.
Your bank will soon begin offering home equity loans. The question is whether you should take one.
96-98% of people should not add more debt to their budgets. However, a small subset of people can use a home equity loan to create generational wealth.
You'll need to study financial books to learn how to use leverage. If you do the work, home equity loans can be a massive boon to your family and your future. Good Luck!
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