Question

 Is a home equity loan considered a second home loan?

Answer A home equity loan is a secondary mortgage against the equity in your home. The terms of the loan, such as the interest rate and the length of the loan, are normally different from your primary hom... Read More »
http://www.answerbag.com/q_view/1970989

Top Q&A For: Is a home equity loan considered a second home ...

Is a home equity loan considered revolving credit?

A home equity loan does not meet the definition of revolving credit. With revolving credit, you would make minimum payments that vary depending on your account balance; this is usually a credit car... Read More »
http://www.answerbag.com/q_view/1962626

Is a FICA Score Considered When Applying for a Home Equity Loan?

There are two separate acronyms, FICA and FICO, that are often confused. FICA stands for Federal Insurance Contribution Act, and it has nothing to do with lending. FICO stands for Fair, Isaac and C... Read More »
http://www.ehow.com/about_7365485_fica-applying-home-equity-loan_.html

If You Have a Home Equity Loan, Do You Have to Pay Off the Loan Before You Sell Your House?

A home equity loan utilizes the equity you have built in your home as collateral for a new debt. Typically, this debt goes toward improvements to the property, but it may also be used to purchase c... Read More »
http://www.ehow.com/about_7337035_home-loan-before-sell-house_.html

Can You Get a Home Equity Loan If You Have a USDA Home Loan?

The United States Department of Agriculture (USDA) has a Rural Development arm offering direct and guaranteed home loans. In each scenario, the USDA offers to assist homeowners with the expense of ... Read More »
http://www.ehow.com/about_7373592_can-loan-usda-home-loan_.html


feedback
loading