Equity Loan

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January 1, 1 6 min read Definitions
Equity Loan
Equity Loan Home Equity Loan Second Mortgage Homeownership Real Estate Financing Collateral
An equity loan, often referred to as a home equity loan or second mortgage, allows homeowners to borrow money by leveraging the equity in their homes. It is a type of loan in which the borrower uses the equity of their home as collateral.
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