What is the catch with 'sell and stay' home equity loans?
Published on Jul 23
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"Sell and stay" home equity loans can seem like a great deal at first glance, allowing homeowners to access the equity in their homes without having to move out. However, there's always a catch. First, you're essentially becoming a tenant in your own home, which can come with restrictions. Also, you may end up paying more in the long run due to rent and fees. Lastly, if the company you sell to faces financial trouble, your living situation could be at risk.