Is it true that Home equity loan proceeds are generally restricted as to purpose?
Rates for home equity loans depend on the amount of the loan, and credit of the borrower. Current rate for $30,000 is 5.62%.
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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?
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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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