Home Equity Loans the equity in your home is the value of your home once any
indebtedness tied to it, including any outstanding mortgage amount, has been
deducted. For example if your house is valued in today’s market at £150,000 and the
amount remaining on the mortgage is £50,000, then the equity in your home would
stand at £100,000. One of the major advantages of home equity loans is that there
is usually sufficient equity remaining on the property to cover the outstanding
amount of the new loan. For this reason, interest charges tend to be much more
attractive than the terms of a standard secured homeowner loan. Home Equity loans
are therefore a means of raising substantial funds without having any intention of
selling or moving from the current property.We have to stay after these loans.
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