Incredible Equity Loans Home References
Incredible Equity Loans Home References. Home equity lines of credit. A home equity loan — also known as a second mortgage, term loan or equity loan — is when a mortgage lender lets a homeowner borrow money against the equity in his or her home.
If you want to help your children cover their college tuition, you can use a home equity loan for this, too. Sometimes called a second mortgage, a home equity loan is a loan that allows you to use the equity you’ve built in your home as collateral to borrow funds. Home equity loans allow you to borrow against the equity in your home, so you can access the cash tied up in your house.