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Home Equity Loans & Resource

Frequently Asked Questions

  • What is the difference between home equity loan and a home equity line of credit (HELOC)?

A home equity loan provides you a lump sum, similar to your first mortgage. You make payments on this lump sum as soon as you use it. A home equity line of credit provides a revolving line of credit, similar to a credit card. You make payments based on the amount you have used.

  • What are the advantages of a home equity?

Typically, home equity loans and lines of credit provide low interest rates and the interest payments are tax deductible. 


Home Equity Resources

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Home equity loan applications:

Lending Tree



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