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 Should you get a second mortgage or a home equity line of credit?

Answer On One Hand: Home Equity Line of CreditA home equity line of credit allows you to access money as you need it rather than receiving it all at the start of the loan. If you plan to use the loan to ... Read More »
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Top Q&A For: Should you get a second mortgage or a home equi...

Should I Get a Mortgage or Home Equity Line of Credit for My House?

It's a good idea to prepare to handle ethical issues before they escalate into crises because when they come up you usually do not have a lot of time to act. Ethical issues come up with regard to f... Read More »
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What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »
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Is a home equity mortgage the same as a second mortgage?

Yes, a home equity loan IS a 2nd mortgage.Some people however, consider a "2nd mortgage" to be a closed-end fixed rate lump sum loan. While a "line of credit" is revolving and can be used over and... Read More »
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Is a home equity loan a mortgage?

A home equity loan is considered a second mortgage. Home equity represents the difference between what your house is worth and what you actually owe on your initial mortgage. With a $20,000 differe... Read More »
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