When you take out a home equity loan, you deplete that equity, which reduces the amount when you sale of your property.
If you don't make your payments, you won't run the risk of losing your residence to foreclosure.
A home renovation loan can help you save money on interest payments if you wouldn't be able to finish your home project by the time your credit card bill is due.
The majority of lenders for home improvements allow you to apply online in a matter of minutes and you have to take decision almost immediately.
No matter what happens to interest rates in the market, the fixed interest rate won't change in Home loan.
Prepayment penalties are generally not a part of home improvement loans, so you can repay your loan as quickly as you wish.