Why Get a Home Equity Loan?

Why Get a Home Equity Loan?

Published on: 27/08/2024

If you're a homeowner, chances are that you've been deluged with offers from finance companies to lend you money based on the equity you have invested in your home. A home equity loan is a loan extended to you that is secured by your home.

Types of Home Equity Loans

Types of Home Equity Loans

Published on: 23/07/2024

Home equity loans are a way of using the money that you've invested in your mortgage by borrowing against it. Essentially, a home equity loan is a 'second mortgage' - a loan secured by your property. If you don't make good on your payments, the lending company or bank can force the sale of your house to recover their money.

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