Searching for home equity rates or advice? Bankrate.com offers timely news, opinion and advice on home equity loans and 2nd mortgages.
This article has multiple issues. Please help improve it or discuss these issues on the talk page . A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral.
The equity in your home may be able to help you finance major expenses. A Chase home equity line of credit can help you achieve your financial goals.
Find a home equity loan from Citizens Bank that offers the term and account features you need. For example, our fixed home equity loans can provide you with a fixed monthly payment. Use your fixed rate home equity loan to consolidate debt or pay for major home repairs.
Home Equity Loans You may have the option to borrow against a portion of the available equity in your home if the remaining principal you owe on your home is only a portion of its current value.
Home Equity Loans 101 With a home equity loan -- also known as a second mortgage, term loan or equity loan -- a mortgage lender lets a homeowner borrow money against the equity in his home.
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A consumer loan secured by a second mortgage, allowing home owners to borrow against their equity in the home. The loan is based on the difference between the homeowner's equity and the home's current market value. The mortgage also provides collateral for an asset-backed security issued by the lender and sometimes tax deductible interest payments for the borrower.
A home-equity loan, also known as a second mortgage, lets homeowners borrow money by leveraging the equity in their homes. Home-equity loans exploded in popularity in 1996 as they provided a way for consumers to somewhat circumvent that year's tax changes, which eliminated deductions for the interest on most consumer purchases.
