Question

 What can a home equity loan be used for?

Answer A home equity loan can be used for a variety of purposes. It can help to pay for college, buy real estate, or pay off credit card debt. You can also use it to help with refinancing your house if yo... Read More »
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Top Q&A For: What can a home equity loan be used for

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 »
http://www.answerbag.com/q_view/1883290

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

Home Equity Loan Vs. Auto Loan?

Homeowners have loan options when they want to purchase a car. For example, they may acquire an auto loan or use a home equity loan. However, it's best to weigh the benefits and drawbacks of each o... Read More »
http://www.ehow.com/facts_6825665_home-loan-vs_-auto-loan.html

Is a home equity loan considered a second home loan?

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 »
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