Today I’ll provide you with a few tips about how to borrow money from your home to help you through these difficult times.

If you’ve reached tough financial times because of the COVID-19 pandemic, today I’ll tell you how you can potentially take money from your home to tide you over until things begin to settle.

For example, say you have some high-interest credit card debt, student loans, car payments, and other bills piling up. You’re probably concerned about what’s happening with the economy. Luckily, there are many ways you can borrow money from your home.

One option is to take out a second mortgage, which would give you a lump sum payout. You could also get a home equity line of credit (HELOC) where you could borrow money against your home as you need it.

Money.com actually reached out to me about one of my videos and asked if I would mention one of their articles that breaks down all the pros and cons of the different loans you take out against your home. You can read that article in full here.

With all the job losses and furloughs happening around the country, it’s important that you know all your options. Reach out to me if you have questions about any of these loans. In the meantime, stay safe and take care!