A home equity loan is
a type of second mortgage that lets you borrow money against the value of your home.
The advantage of getting
this type of second mortgage is that you get all of the money at once.
A home equity loan is
a type of second mortgage that is secured by the equity (ownership) you have in your home.
If you're looking to pay college costs,
the types of second mortgage you'll be interested in would either be a home equity loan or a home equity line of credit (HELOC).
Generally there are two
types of second mortgages: a home equity loan and a home equity line of credit (HELOC).
A Home Equity Loan is a type of Second Mortgage
There are differences between these two
types of second mortgage, but they both have much in common.
Home equity loans are
a type of second mortgage.