House & Home Calculators

Avoiding Home Equity Scams

Yes

The allure of home equity loans and lines of credit can be tempting for homeowners looking to tap into their property’s value for renovations, debt consolidation, or other financial needs. However, the rising popularity of these options has also attracted fraudsters and scammers, leading to a concerning increase in home equity scams. Understanding how to protect yourself from these threats and why using a credit union is often a better choice can help you navigate this financial landscape safely.

The Rise of Home Equity Scams

Home equity scams come in various forms, often targeting vulnerable homeowners who may be facing financial difficulties. Common types of scams include:

Key Strategies to Avoid Scams

Why Choose a Credit Union?

Opting to go through a credit union can be a significantly safer and more beneficial choice. 



« Return to "House & Home"
What Why How Where Home