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Home Equity Loans
Loan Offers, Articles, Calculators, Tools, Rates, and AdviceWhat is a home equity loan?
A fixed or
adjustable rate loan obtained for a variety of purposes, secured by the
equity in your home. Interest paid is usually
tax-deductible. Often used for
home improvement or freeing of equity for investment in other real estate or
investment. Recommended by many to replace or substitute for
consumer loans whose interest is not
tax-deductible, such as
auto or
boat loans,
credit card debt,
medical debt, and
education loans. It is sometimes referred to as a
second mortgage or
Home equity line of credit (HELOC).
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