Home Equity Loan
A fixed or adjustable rate loan obtained for a variety of purposes,
secured by the equity in your home. Interest paid is usually tax
-deductible. Often used for home improvement or freeing of equity for
investment in other real estate or investment. Recommended by many to
replace or substitute for consumer loans whose interest is not
tax-deductible, such as auto or boat loans, credit card debt, medical
debt, and education loans.
Sites of interest about about Home Equity Loan:
Courtesy links about Home Equity Loan:
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