Facts About Equity Loans
Offered in various forms, including credit lines, are home equity loans. Offered in one large sum to the borrower is an equity loan and it’s often used to pay off debts, pay tuition fees, reduce interest on credit card debts, etc. A credit line can be offered for a number of years, which allows the borrower to use the credit for any purpose, often in amounts limited by the lender. The borrower can withdraw funds for a different purpose as repayments are made because the line of credit opens up again.
Facts About Equity Loans
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