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 Home Equity Loan?

April 26, 2017home equity loan

0

Posted

What is Home Equity Loan?

1 Answer

0

Posted

A home equity loan (or line of credit) is a second mortgage that lets you turn equity into cash, which you can spend it on home improvements, debt consolidation, college education or other urgent expenses. In this case your home equity loan works a s a collateral.