What is the difference between a home equity loan&a home equity line of credit?

Answer 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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What Does Law and Equity Mean?

Law and equity refer to two different legal systems which seek to dispense justice in different ways. Law, as the name suggests, focuses on the actual rights and remedies afforded by common law and... Read More »

Can Down Payment Be Used As Equity?

Buying a home is a big financial undertaking. For many Americans, their home is one of their biggest assets. Understanding the many facets of home ownership and financing is key to making smart dec... Read More »

How do I calculate equity?

Calculate equity by subtracting the amount owed on a home loan from the value of the home. The amount owed on the house is found on the monthly mortgage statement. Include any debt owed on a second... Read More »

What is an equity loan?

A home equity loan, or second mortgage, will allow you to borrow money against the equity in your home. Homeowners can deduct interest on up to $100,000 when filing a tax return.TypesFixed-rate hom... Read More »