ARTICLES

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...

www.reference.com/article/home-equity-loans-work-d83d9dc7951f9896

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...

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To get a home equity loan, consult with financial advisers, consider various options, ensure that you understand the terms and know your rights. Finally, apply for a loan.

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SIMILAR ARTICLES

There is no difference between a home equity loan and a second mortgage when the homeowner receives a lump sum of money at once with a fixed or variable interest rate, explains SFGate. A home equity loan differs from a h...

www.reference.com/article/difference-between-second-mortgage-home-equity-loan-4b9306923d45b3d9

An equity release mortgage is a loan that lets homeowners tap into their property’s value without having to move out, as the Guardian describes, and it gives them cash based on their home’s equity. The plan targets peopl...

www.reference.com/article/equity-release-mortgage-1053e4a8288dc9ce

Woodforest National Bank offers personal loan products, including mortgage loans and home equity loans. Woodforest also offers business loans, such as small business loans and unsecured credit lines, according to the fin...

www.reference.com/article/loan-products-woodforest-national-bank-360b6b9bf45385d9

When applying for a home loan with Bank of the West, homeowners should compare plans and apply for a program that fits their needs such as government-subsidized loans, fixed-rate mortgages and jumbo rate mortgages, which...

www.reference.com/article/tips-applying-bank-west-home-loan-cb2e5e3a00812dd5