7 great ways to build wealth with a home equity loan

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7 great ways to build wealth with a home equity loan
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Your home's equity can be used for a lot more than you'd think — and that includes wealth-building.

For many homeowners, their property is not just a place to live, but also a valuable financial asset. One way to tap into the wealth potential of your home is through a home equity loan. And, this is a great time to consider borrowing against your home equity.

Home equity loans can be used to fund higher education, vocational training or certification programs, and while it varies by degree or certification, it's usually a strategy that pays off. Acquiring new skills or qualifications can lead to higher earning potential in your career, as well as better job opportunities, ultimately increasing your wealth over the long term.

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