The greatest
thing about home equity loans compared with those from banks is that they are flexible enough to be customized to meet each client's needs.
The good
thing about home equity loans is that lenders offer attractive interest rates because your home serves as collateral and a guarantee of repayment.
9) Writing for RealMoney 2004 - 2006, I wasted a certain amount of space
talking about home equity loans, and how they would be another big problem for the banking system.
Generally speaking, banks will let you borrow 80 % of the amount of equity you have in your home, but before you order the new granite countertops, you need to master a handful of
essentials about home equity loans.
Five Things You Should Know
About Home Equity Loans Five things to know about home equity loans that will help you make decisions about a second mortgage
Want to learn more
about home equity loans?
To educate
yourself about home equity loans, learn about the rules and regulations, samples of loan agreement, interest rates, charges and fees, and the loan's characteristics.