article thumbnail

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

If property values decline abruptly or a recession occurs , the lender could reduce your credit line, freeze it or even demand immediate repayment in full. How to obtain a home equity loan Home equity loans are available through banks, credit unions and online lenders. Why are HELOCs and home equity loans popular now?

Home 52
article thumbnail

23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

Worse, once you’ve spent all that energy, your audience may be apt to flee to the next popular influencer, trend or social media platform. Economic recessions can also make high-yielding personal loans a more likely candidate for default, too, so these loans may go bad at higher than historical rates when the economy worsens.

Money 52