If you’ve been a homeowner for a number of years, chances are good that you’re eligible for a home equity loan. But even if you are eligible you may be asking yourself: “Why would I take out another loan?” A home equity loan has quite a few benefits that are worth investigating. Does that mean you should take one out just because you can? Of course not! What it does mean is that you should know about the potential financial opportunities one of these loans can offer - it might provide benefits that you don’t even know about!