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What are the disadvantages of a home equity line of credit?

A home equity line of credit does have some disadvantages. For one, the interest rate is variable so monthly payments can be unpredictable, especially when rates are on the rise. ... An even bigger drawback of a HELOC is that if your home value falls, you could end up owing more than your home is worth.

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1	Can you sell a house without the deeds?
2	Is Heloc a good idea?
3	How do you find out if deceased had a will?
4	What debts are forgiven at death?
5	Who is entitled to see a copy of a will?
6	Can a personal loan be used to buy a house?
7	What credit score do you need for Heloc?
8	Do bank accounts go through probate?
9	Can Mortgage brokers get better rates?
10	10 Questions to Ask Your Mortgage Broker or Lender
11	Is it smart to pay off mortgage?