what is a home equity loan or line excatly?

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One Response to “what is a home equity loan or line excatly?”

  1. Lucy Lu says:

    a equity line is based on the current value of your home, less mortgage owed. they will lend you anywhere from 50-80% of that value. It is a little bit more complicated than that, it is a entirely separate loan, you do not have to go where you got your mortgage, shop around for rates.
    speak to a banker they will be happy to assist you.

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