Below is a list of all reviewed Loan Sites that offer Home Equity Loans. These loans are secured by the equity value in your home. In other terms this type of loan basically is a line of credit secured by your home. When the line of credit is drawn down, the financial institution providing it places a second mortgage loan on your home until the loan is paid off, after which the you can use the loan to finance other purchases. Interest rates on these types of loans are usually adjustable rather than fixed and lower than standard second mortgages or credit cards.
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