: Funding college tuition for yourself or children.
: Paying off high-interest credit card debt with a lower-interest home equity loan. equity home loan
: You repay the loan in equal monthly installments over a set term, typically ranging from 5 to 30 years . : Funding college tuition for yourself or children
A home equity loan, also known as a , allows you to borrow a lump sum of money using your home's equity as collateral. Equity is the current market value of your property minus any outstanding mortgage balances. Core Features also known as a