Your house isn't a piggy bank [MSN Money]
Black Knight, Inc. (BKI)
Last black knight, inc. earnings: 2/13 04:05 pm
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blackiron.com
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Source: MSN Money
Replay Video UP NEXT 1 Cancel SETTINGS OFF HD HQ SD LO What Loan Is Better for You: a HELOC or Home Equity Loan? What to watch next UP NEXT Video by GoBankingRates Your home equity could keep you afloat in retirement or bail you out in an emergency — but not if you spend it first. U.S. homeowners are sitting on nearly $6 trillion of home value they could tap as of May 2018, according to data provider Black Knight. Lenders are eager to help many do just that through home equity loans, home equity lines of credit and cash-out refinancing. The rates are often lower than other kinds of borrowing, and the interest may still be deductible, despite last year’s tax reform changes . But you can lose your home to foreclosure if you can’t pay back the loan, which is why financial planners generally frown on using equity for luxuries, investing or consolidating credit card deb
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