|
|
Mortgage
Quote Zone
 |
Home Equity Loan Basics
Pay off existing debts, pay tuition, fund home improvements, or create an emergency cash reserve. Even if you have recently refinanced your home, there isn’t a better time to take out a low interest rate loan. Request a free no-obligation quote from a home loan specialist now.
Home Equity Loan Definition:
A loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt incurred in the purchase. The current market value of a home minus the outstanding mortgage balance. Home equity is essentially the amount of ownership that has been built up by the holder of the mortgage through payments and appreciation.
REQUEST A FREE MORTGAGE QUOTE!
|
