Home equity levels among U.S. homeowners is at record levels, having hit $35 trillion, according to Federal Reserve data.

But with this added wealth on paper, those holding it aren’t necessarily feeling more financially secure. This is due to the upward march of property taxes, persistently high interest rates and other restrictions some families may not anticipate.

This comes from a recent report by The Wall Street Journal. Among the lesser anticipated consequences, high amounts of home equity can limit the amount of financial aid that some prospective college students details ⇒

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