An equity loan is a mortgage placed on real estate in exchange for cash to the borrower. For example, if a person owns a home worth $100,000, but does not currently have a lien on ...

A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance ...

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This can also occur with second-mortgage home-equity loans and some loans structured to ... This entry is from Wikipedia, the leading user-contributed encyclopedia.

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Home Equity Loan according to Wikipedia, the free encyclopedia. A home equity loan is a type of loan in which the borrower uses the equity in his home as collateral.

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