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 have a fixed rate
Potential to borrow up to 90% CLTV
Can be used for:
Potentially Deduct the Interest on Your Taxes (consult your tax adviser)
While the word “equity” probably elicits some positive vibes, how much do you know about it when it comes to your home? The truth is, it’s a status that can give you some buying power when it comes to home improvements and a lot of other financially demanding endeavors.
5 Housing Design Trends to Pay Attention To
So you’ve decided to embark on a home-building project… Whether it’s your first time pursuing home construction or you’ve been around the block before, paying attention to the latest trends can help you in the long run with resale value and overall quality of life.
5 Great Reasons to Consider a Home-Equity Loan
When you pay your mortgage every month, it can feel good to be putting your money toward a true investment. But as your repayment plan moves forward, your equity also grows—and this can be a valuable tool when used properly.
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