Money: Home Equity Loans

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• ⋮Actions for “My brothers and sisters, I’m appalled at some of the advertising”

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  My brothers and sisters, I’m appalled at some of the advertising I see and hear advocating home equity loans. Simply put, they are second mortgages on homes. The promotion for such loans is designed to tempt us to borrow more in order to have more. What is never mentioned is the fact that, should one be unable to make this “second” house payment, one is in danger of losing his house.

  President Thomas S. Monson

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  • Money: Home Equity Loans

  21 Oct 2026