- Home Equity is the difference between your home's appraised value and the mortgage balance(s).
- Home Equity is built through either your home's appreciation or the reduction of principal on the current first mortgage.
The terms second mortgage and home equity loan can be used interchangeably regardless of being a fixed or variable rate or line of credit or fixed term. A home equity loan is a second mortgage and vice versa as long as either is secured by a lien on your home and is subordinate to an existing 1st mortgage. For more information, call us today at 1-800-943-9472.
Combining competitive rates, low closing costs, honest answers, and hassle-free service sets us apart from other home equity loan companies in our industry. Complete the simple home equity quote form or call us today and see for yourself. We are happy to provide you with a free quote.
