With inflation sticky and interest rates at their highest point in decades, few cost-effective borrowing options are available for Americans right now. Credit cards and personal loans come with average rates in the double digits and mortgages are hovering near their highest point since 2000. Homeowners, however, do have one relatively inexpensive way to borrow cash — their home equity. …

In recent years, a surge in home values has provided many homeowners with a significant boost in their home equity levels. And, thanks to that widening gap between property values and outstanding mortgage balances, the average homeowner currently has nearly $300,000 worth of home equity that can be leveraged for financing home renovations, consolidating high-interest debt, funding education expenses, covering …

If you’re a homeowner, there’s a high probability that you have quite a bit of borrowing power available to you. And, that borrowing power could be coupled with competitive interest rates. The average homeowners has potentially hundreds of thousands of dollars to tap into right now. But, what if you needed to get your hands on $40,000, and decided to …