For most American homeowners, applying for a home equity loan is one of the best ways to secure a low interest rate. Because this kind of property is often your most valuable asset, getting money from your home equity can help you finance larger investments. Determining your home equity is a simple calculation: just subtract the amount you currently owe on your mortgage from the value of your property. But selecting the right lender is a more complicated process.
A home equity loan (sometimes called a HEL) allows you to borrow money using the equity in your home as collateral. Equity is the amount your property is currently worth, minus the amount of any existing mortgage on your property. You receive the money from a home equity loan as a lump sum.
A home equity loan is secured by the assets you have accumulated in your home. A Home Equity Loan is registered with your home just like a current mortgage. Our incredible product knowledge and access to low-rate capital combined with our goal of finding the best long-term loan solution for your needs is exactly what you need to ensure you have access to the lowest possible interest rates on your Home Equity Loan.
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