Is a home equity loan a good idea? Or are they bad?

Shel asked: I understand the concept of equity but can the lender take your home if you fall behind on payments? Is there any real negatives to getting a home equity loan?
Is Wells Fargo Canada a good option?
Thanks.

How long to receive money from bank auto loan?

Want 2 get wise asked: Hi, how long does it take for the bank company (Wells fargo) to give you the money after you have signed and are aprooved. Also i applied to get the loan and buy from an individual will they give me cash or how does that work?