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Home euity

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guest Guest 0.10 Dollars($)	Posted: Fri Jun 01, 2007 12:00 am    Post subject: Home euity What is home equity loan? How it is different from Mortgage?
MD Guest 0.10 Dollars($)	Posted: Fri Jun 01, 2007 1:03 am    Post subject: Home equity loan is a type of home loan taken keeping the home equity as collateral. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
helping_user Joined: 31 Mar 2006 Posts: 786 Location: Hawaii 146.34 Dollars($)	Posted: Fri Jun 01, 2007 1:09 am    Post subject: Hi, Welcome to Community. Home Equity Loan is a type of second mortgage taken against the same property keeping the home equity as collateral. The main purpose of taking this type of loan for home improvement, education expenses, medical treatment, debt consolidation. Generally, the interest is quite higher than normal mortgage. Please refer this article "Home Equity Loan - A fixed rate second mortgage" to know more. Thanks

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