Home equity loans are a mortgage allowing you to use your home’s value as collateral to pull out cash in a lump sum. Most people use this loan to pay off debt, add on to their home, or get cash for another purchase.
For homeowners looking to take out a lump sum of money, home equity loans can be an option versus taking out other types of loans. Differing from traditional home mortgages, home equity loans have specific requirements.
Could a home equity loan be right for you? Let our loan experts help find if a home equity loan fits your unique needs.
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