Two weeks ago, we began comparing popular debt-based ways of releasing equity in the home. On the first post of this three-part miniseries, we talked about HELOCs, how they work and what consumers should know before getting a home equity line of credit.
When we need money we generally look to borrow it using debt as the source. So, why should you get an equity sharing product when I can get into debt, instead? It is a fair and legitimate question and we are happy to address with you