1:14 PM How do Home Equity Loans Work | ||||
#home equity loan rates # Home Equity LoanWhy a Home Equity Loan?Equity in your home brings you peace of mind and opportunity for growth. You can borrow money using the equity in your home as collateral. Upon acceptance, you receive a lump sum of money to use for these projects or debt payments. The loan is repayable over a fixed term. A home equity loan gives you a secure locked-in rate and a consistent monthly payment. The interest may even be tax deductible. Check with your tax advisor. Money to make your life better.Work with Mountain America for your Home Equity Loan.How does a home equity loan work? In a word, well.It s a rather simple premise. You have equity in your home. A home equity loan lets you borrow money, using that equity as collateral. You receive a lump sum of money that is repayable over a fixed term, giving you the security of a locked-in rate and a consistent monthly payment 3. Plus, unlike most types of consumer loans. the interest on a home equity loan may be tax deductible 2 . Flexible Home Equity Line
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