Chapter 1: What equity debt isBefore tapping the equity in your home, become familiar with the way home equity loans work.What home equity debt isWhy they are popularChapter 2: Decisions, decisionsHome equity loans are available in two ways -- as a fixed-rate loan or a variable-rate line of credit. Which one is best for your situation?Why people borrow against their equityPros and cons of debt equity5 questions to help choose a loan or line of creditChapter 3: ApplyingThe keys to a great rate are your credit history, your income and the loan-to-value ratio.What lenders look forThe cost of a home equity loanRefinancing a home equity loanChapter 4: Watch out!Tapping your home's equity can be risky. Know the loan rules, your home's value and your actual costs before closing the deal.Balloon loan pitfallsRisks of high LTV loansScam artistsRights of rescissionDealing with fraud advertisementRelated Links:Home equity ratesWeighing equity debt Using equity wisely Related Articles:Home equity ratesFed impact: Home equityEquity loan or HELOC?