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Can the interest rate on my loan contract be changed?
You may be able to change your interest rate if your contract is set up that way. The best way to find this out is to talk to a professional to see if the change is valid.
What is bankruptcy?
Bankruptcy is the term that describes the court proceedings a person must go through to relieve the debts they are unable to pay their creditors.
What is a lien holder?
A lien holder is the institution (usually a bank) that has the right to take and hold or sell the property of a debtor as security or payment for a debt borrowed from them.
What is home equity?
Home equity is the difference between the market value of your home and the amount you have paid towards that value.
What is a home equity line of credit?
A home equity line of credit is a form of revolving credit in which your home is used as collateral.
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