Home equity loans (sometimes called second mortgages) offer homeowners a lump sum of cash when they leverage the equity in their homes. While the interest rates are usually higher than on traditional mortgages, the terms are also usually shorter. For certain individuals, this can be a good solution for paying off debt, emergency expenses or even for investment. At HouseMoney Financial, we offer a number of mortgage solutions including home equity loans.
Home equity loans (sometimes called second mortgages) offer homeowners a lump sum of cash when they leverage the equity in their homes. While the interest rates are usually higher than on traditional mortgages, the terms are also usually shorter. For certain individuals, this can be a good solution for paying off debt, emergency expenses or even for investment. At HouseMoney Financial, we offer a number of mortgage solutions including home equity loans.
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