Is it better to do a home equity loan or a second mortgage?
It depends on what you need. Second mortgages are good for long term, and home equity loans are for short term. ChaCha again!
Answered
by Matthew C.
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About Home Equity Mortgage
A home equity loan is similar to a mortgage - the consumer would borrow money from the equity (value) of their house, then have to pay it back gradually.
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