If you need to borrow against the equity in your home, two options include a lump sum home equity loan, and a home equity loan of credit (HELOC). There is a difference between how these two financing products are disbursed. You receive a lump sum home equity loan all at […]
What Can You Do With a Home Equity Loan?
If you have significant equity in your home, you have the option to borrow against that equity if you are in need of extra funds. You can do this using a type of second mortgage known as a home equity loan. Your home equity acts as collateral, and you can […]