Asking yourself, “Is a home equity loan right for me?” is the first and most important step to take.Home equity loans have become so popular today because of increasing home values. A home owner can access money for consolidating debt, home improvements, a new car, education or starting a new business.Emotions can take the place of logic when considering a home equity loan.It’s a good idea to sit down and take your time before signing up. Educating yourself will benefit you in the long run.A hom.