Home Equity Loan: What Exactly Is It?
Home Equity Loan: What Exactly Is It? As a homeowner, you must have been deluged with offers for a home equity loan. Don’t know what this is? Don’t worry, you are not the only home owner out there that has had to stop and ask exactly what a home equity loan is. These loans have actually become more common over the last 20 years or so. . Understanding the Home Equity Loan There is equity locked in your owned house. A home equity loan allows you to unlock that equity. Another way to look at it is that the homeowner...