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Home Equity Loan
Similar to a home equity line of credit a home equity loan allows you to borrow against the value built up in your home. This type of loan is typically not for anyone with a home that has been recently purchased via a mortgage. A home equity loan is designed for the home owner that has owned their home for several years, and may even have their mortgage entirely paid off.
A home equity loan can allow you to complete major home renovations, or pay for other major life expenses like a college education or unexpected medical expenses. It can also provide you with the finances for an extended vacation, a business expansion, or other goal you wish to meet.
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Equal Housing Lender