If a homeowner sells their home before completing repayment of a home equity loan, the proceeds from the sale must be used to pay off the remaining balance.

Authors

• Person: Ben Luthi Organization: Experian
  Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian

Sources

• Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian www.experian.com Ben Luthi · Experian via serper

Referenced by nodes (1)

• home equity loan concept