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Homeowners across the country are considering different methods of unlocking the value of their homes to fund improvements or consolidate debt. Homeowner loans are a popular option. Unlike your main mortgage, which is used to buy the property itself, a homeowner loan enables you to borrow against the equity you’ve built up. The amount you’ll be able to access depends on your home’s value and how much of your mortgage you’ve already repaid. Because homeowner loans are secured, they typically have reduced interest rates than credit cards and unsecured personal loans. However, if you fall behind on repayments, the…