Equity Loans! A Homeowners Dream Come True.

A home equity loan will become a second mortgage on your property right behind the first mortgage so don’t confuse it with an equity line of credit. Mortgage lenders love financing a home equity loan because for them it’s a safe investment. Even if the borrower defaults the lender is still going to be in good shape. Benefits for the homeowner can be a lower interest rate, easier to qualify for even with marginal credit, get a larger loan and payments may be tax deductible. So if you’re planning a remodel, want to pay off those nasty credit card debts or buy a cabin in the mountains, it’s your choice.

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