Is a consolidation loan better than a home equity loan?
If you do not own a home or are upside down on your mortgage, you may still be able to get a debt consolidation loan. In this case, your interest rate will usually be higher than on a home equity loan. ChaCha!
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by Jason R.
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Top Questions Asked on ChaCha.com for Home Equity Loan
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Which f the following types of credits would best describes home equity loans?
I'm sorry, I can't see the rest of your question.
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What is the difference between Consolidation Home Loans and Home Equity Loans?
A home equity loan is normally a line of credit that you can ...
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What is the highest percentage of market value a home equity loan will provide?
There were some home equity line of credits as high as 17%. T...
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Do you still have to pay back home equity loans if your house goes into foreclosure?
You are still liable for a home equity loan even after a fore...
About Home Equity Loan
In a home equity loan, the borrower uses the equity in their home as collateral. It's used as a form of insurance for the lender.
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