A home equity loan offers homeowners an affordable way to borrow a large amount of money right now. athima tongloom/Getty Images

Borrowing a large amount of money, such as $80,000, can seem daunting, especially in today's economy. With inflation rising again, unemployment on the same trajectory and interest rates higher than they were just a few years ago, borrowing money may not feel safe.

But if you're a homeowner considering a home equity loan, it can be.

For starters, the average home equity amount is well over $300,000 now, meaning a withdrawal of this amount will still leave a comfortable amount of equity in your home. And with a home equity loan , specifically, borrowers will have the security and predictability that a fixed-rate product offers, unlike a home

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