Ohio couple worth $40M want to borrow against their lake house — Dave Ramsey says to get a new advisor instead
Yahoo Finance·2025-10-06 12:55
The Ramsey Show Highlights/YouTube Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. If you own a home and need money, a home equity line of credit (HELOC) allows you to borrow against your home’s equity, typically at a lower interest rate than other loan types. It can be a useful tool for disciplined borrowers facing a large expense. The potential downside is that you can lose your home, which is put up as collateral. According to Dave Ramsey, a HELOC ...