Review Of Pros And Cons Of Taking Equity Out Of Your Home References. Even if you get a fixed rate on the loan, it may end up costing more in interest because it is unsecured. The biggest plus point of taking equity out of your home is that you “unlock” the value you own tied up in your.

Put your home equity to work & pay for big expenses. There are pros and cons to taking equity out of your house. Home equity loans can be easier to qualify for if you have bad credit, because lenders have a way to manage their risk when your home is securing the loan.