Is now a good time to borrow money with a home equity loan?

With home equity loan rates at an all-time low, this is a great time to apply. If you have accumulated some higher rate debt, using the equity in your home is a good choice to consolidate, reducing the amount of interest payments in the long run. It is also an option to invest in the future, like making some improvements to your property to increase resale value or to invest in a college degree. Just be sure to understand all the terms and conditions in order to avoid unscrupulous lenders who are waiting to take advantage of the uninformed.