Home Equity Loan

About Home Equity Loan

Many banks will extend loans to customers based on the value of their home equity. These are known as Home Equity Loans, abbreviated as HELOC. During the housing bubble leading up to the great recession of 2008, home equity loans were a common way for homeowners to get extra cash. Many of these people were financially overextended when the value of their homes dropped precipitously.

Recent Home Equity Loan Questions

• Can I maintain my home equity loan while refinancing to a interest only mortgage?

  2 days ago, 7:21pm - Refinancing is when you apply for a secured loan in order to ...

• What do you need to get a cash loan?

  2 days ago, 2:14pm - You can get a cash loan from a bank through a charge on your ...

• How long does it take to get a loan approved from Wachovia?

  2 days ago, 8:29am - It depends on the type of loan. A car loan can be approved wi...

• How to consolidate debt due to Payday loans?

  5 days ago, 11:14pm - If you have your own home then you should look at taking out ...

• What is the most common type of loans?

  6 days ago, 2:06pm - Home equity loans appear to be one of the most common loans.

• What are home equity loan requirements?

  Feb 02, 11:11am - In order to successfully apply for a home equity loan, you mu...

• Can you take out a home equity loan on a house that is for sale?

  Jan 30, 9:14pm - If you still own the home than you can take out a home equity...

• What is a reverse mortgage?

  Jan 28, 4:36am - A reverse mortgage is a special type of home loan that lets a...

• Are home equity loan proceeds restricted as to purpose?

  Jan 23, 12:28am - Yes. Home loans are restricted. A fee for a property appraisa...

• How To refinance a house?

  Jan 22, 1:25pm - Homeowners' equity has fallen along with a drop in home price...

• What is an equity line of credit?

  Jan 14, 8:34pm - A home equity line of credit is a loan in which the lender ag...

• When do you pay taxes on equity?

  Jan 13, 10:39am - One nice feature of home equity loans is that borrowers may g...

• What is the company Lending Tree?

  Jan 12, 6:42pm - Request a home, mortgage refinance, home equity, auto, or oth...

• What is another name for a home loan?

  Jan 12, 1:51am - Home loans are also called mortgages and they can also be cal...

• Are there any fees for a home equity loan?

  Jan 10, 4:27pm - A fee for a property appraisal to estimate the value of your ...

• What is the difference between the amount owed on a home and the homes value called?

  Jan 06 2012, 8:17am - That would be referred to as "equity", and if often considere...

• Where can i get a loan with no credit and a low interest rate?

  Jan 05 2012, 6:22pm - You can check banklady.com for information on where to receiv...

• What is a loan called using real estate collateral?

  Jan 03 2012, 11:45pm - Using a home as collateral for a loan,is a home equity loan,i...

• Does Chase Bank offer small personal loans?

  Dec 24 2011, 5:39pm - Yes Chase bank offers several different kinds of loans includ...

• What is a 100 second mortgage?

  Dec 20 2011, 5:06am - A Second Mortgage is a loan taken against your home on which ...

Featured Quiz

Crazy Town Names: Real or Fake?

Galleries

Bank of America Will Begin Charging Debit Card Fee


Bank of America plans to charge a monthly debit card fee.

Viewed 1,358 times



Are We Heading Into Another Recession?


With the economy slumping, have we reached another recession already?

Viewed 7,976 times



The 10 Highest Paid TV Actresses


Forbes magazine listed the top 10 highest paid TV actresses.

Viewed 10,884 times



China's Copycat Stores


Imitation is the sincerest form of flattery.

Viewed 2,522 times

See All Galleries »