A Home Equity Loan

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Posted on January 05, 2019 at 06:01 AM

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Home equity loan - Wikipedia
A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral.The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution. Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education.
Do Not Take Out A Home Equity Loan To Pay For Your Car
Let’s say, for example, you have a home mortgage of $150,000 but your home is worth $225,000. You could take a home equity loan of $75,000. But just because you could, doesn’t mean you should ...
Is a home equity loan for college the right choice for ...
Is a home equity loan for college the right choice for your student? A home equity loan is often overlooked as a funding option for your child’s college education.

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