Please see the below statement. Debate the response if you disagree with anecdotal examples. Or state why you would agree.

A line of credit home loan allows customers to borrow money using the equity in their home,This means that the lender agrees to lend money to the borrower while using their house as collateral. It is like a credit card in the sense that you have an agreed time frame to pay it back. I personally do not have access to this kind of personal financing as an option for financing my business because I am not a homeowner. I do not believe that this form of personal financing would ever be appropriate. Using a home equity line of credit puts your personal finances and property in danger. In addition, you will have a slightly higher interest rate, if you make interest-only repayments or if interest capitalization is applied you end up paying more in the long term and, lenders are often strict when approving a line of credit loan