These will also vary depending on where you live, as many cities and counties have unique building codes beyond what’s required federally or state-wide. You can usually borrow more money using a home equity loan, and their interest rates are often better, but the terms of the loan will depend on how much equity you have in your home. The downside is that home equity loans typically use your home as collateral. If you can’t repay your loan, you could lose your house, so borrowing through a home e...