If you offer collateral in your loan application, be aware that you will lose your collateral if you do not make the required payments on the loan. (lendedu.com)
And If you can't make the required payments on your home equity loan, your home is at risk of foreclosure. (jamiesarner.com)
Bills for the taxes and / or insurance are sent directly to the lender who makes the required payments. (clearlending.com)