More about Home Loans…
A home loan, or mortgage loan, is a loan that is secured by using the home being purchased as collateral. This process is done through a mortgage note that the consumer pays back with interest over a predefined number of years. Mortgage notes are typically 15 to 30 years in length.
Another variation of a home loan is a home equity loan or home improvement loan. A home equity loan allows the consumer to utilize the equity they have built up in their current home as collateral for a new loan. The money that is provided by the home equity loan can be used for a variety of things such as home improvements, debt consolidation, or paying college tuition, just to list a few.
Low interest rates and flexibility are common, especially with home equity loans which can be a great option for a homeowner looking for some extra cash. Looking to purchase a home or do some home improvements? View the different offers below and see which might fit for you, your needs, and your home best.