Your home equity could be a viable funding source now that interest rate cuts are being issued again. Getty Images/iStockphoto

If you're looking for a way to borrow $20,000 now, don't want to spend a lot to secure the funds and have a home with equity , you're in luck. Right now, a home equity loan isn't just one of the more secure ways to borrow money; it's also one of the cheapest. With an interest rate materially lower than what can be secured with a personal loan or credit card, a home equity loan offers homeowners access to inexpensive funding.

And that's becoming even less expensive now that the Federal Reserve cut interest rates last week and is positioned to continue cutting in its next two meetings in October and December . That noted, $20,000 isn't an insign

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