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The Basics of a Home Equity Loan
What is a home equity loan?
A home equity loan is a loan that uses your home as collateral. Your home equity is the part of your home that you actually own and this is the guarantee for your loan.
Your home equity is calculated by taking the current value of...
Home Equity Loan Beware
of these shady dealings.
While most home equity loan lenders are reputable institutions operating within the law, you do need to protect yourself from the abusive lending practices of some unscrupulous lenders. Homeowners - particularly elderly, minority and those with...
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