home equity loans are the kind of confusion and tomfoolery that's only possible under a purposefully misleading monetary system that's built specifically to siphon money away from the the majority of the participants into the hands of a coordinated few who are aware of how the system really works because they set the rules in the first place. this is why they demonize living at home with your parents so much in the west, they want you pushed into the work force as early as possible so you have no knowledge, no resources, and no way to back out without further endebting yourself to the system when you end up putting yourself on the hook for insane amounts of money that you were told already existed but in fact doesn't yet. taking out a home equity loan is basically as bad as disrupting the compound interest of a retirement account by making early withdrawals, it's robbing yourself of so much future wealth and that's what they have built whole industries around convincing people to leave wealth on the table so they can come scoop it all up later and then lend it back to you at interest when you're unable to afford anything after they bought it all up and price gouged you out of it.
United States