Tuesday 20 July 2010 @ 6:07 am
What is a Home Equity Loan?
A home equity loan uses the equity of the home as collateral for a lump sum payment. The terms of the loan are much like that of a mortgage and may carry points or mortgage insurance.
What is the Value of Home Equity?
Homeowners can borrow against their home’s equity to pay for home repairs and renovations, school tuition, medical bills, etc.
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Home Equity Loans Basics
