A home equity loan works as a second mortgage. It gives a homeowner a line of credit based on the amount of equity in his home, according to About.com. Equity is defined as a home's value minus what is owed on the mortga... More »

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A home equity loan allows homeowners to receive a single payout with a fixed interest rate and monthly payments on the existing equity of their home, states Bank of America. If the loan isn't repaid based on its terms, t... More »

A home equity loan allows a homeowner to receive a cash payment in return for a stake in the value of a specific property. This value is equal to the difference between a property's market value and the remaining mortgag... More »

www.reference.com Business & Finance Credit & Lending

A home equity loan allows a homeowner to receive a cash payment in return for a stake in the value of a specific property. This value is equal to the difference between a property's market value and the remaining mortgag... More »

www.reference.com Business & Finance Credit & Lending

A home equity loan allows homeowners to receive a single payout with a fixed interest rate and monthly payments on the existing equity of their home, states Bank of America. If the loan isn't repaid based on its terms, t... More »

A home equity line of credit is a revolving debt, similar to credit cards, while a home equity loan provides a one-time distribution of funds, states Bankrate. Both types of debt are secured by a home, meaning the lender... More »

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Individuals who wish to apply for a home equity loan with Beneficial Bank may do so at the bank's website, by calling the bank or by visiting a local branch office. Individuals seeking a personal loan or new and used aut... More »

www.reference.com Business & Finance Credit & Lending