Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a Home Equity – Fixed?

April 26, 2017fixed home equity

0

Posted

What is a Home Equity – Fixed?

1 Answer

0

Posted

This type of loan allows homeowners to borrow money against their established equity. The loan is for a specific purpose and for a fixed term. A Home Equity – Fixed is different than a home equity line-of-credit because a home equity line-of-credit is a revolving credit line that can be used periodically for multiple purchases, over a longer term. Click here for more information on Home Equity – Fixed loans.