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2. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   Home equity loans come in two types: closed end (traditionally just called a home-equity loan) and open end (a.k.a. a home equity line of credit (HELOC)). Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are ...

3. The truth about no-appraisal home equity loans: What ... - AOL

   www.aol.com/finance/what-is-a-no-appraisal-home...

   Qualifying for a home equity loan typically requires a minimum of 15% to 20% equity in your home after first and second mortgages are accounted for, a credit score of at least 620 (although higher ...

4. Home equity: What is it and how can you use it? - AOL

   www.aol.com/finance/home-equity-121018740.html

   Home equity loans: A home equity loan is a second mortgage for a fixed amount at a fixed interest rate. The amount you can borrow is based on the equity in your home, and you can use the funds for ...

5. Home equity loan vs. home improvement loan: Which is better ...

   www.aol.com/home-equity-loan-vs-home-improvement...

   While home improvement loans typically cap at $50,000 to $100,000, you’re able to borrow up to 85% of your home's equity (primary mortgage and home equity loan combined).

6. Personal loan vs. home equity loan: Which should you use for ...

   www.aol.com/finance/personal-loan-vs-home-equity...

   Personal loan. Home equity loan. Rates. 8% to 36%. Varies based on the prime rate. Loan amounts. $2,000 to $50,000. Up to 85% of your home’s value. Minimum credit score. 670. 680. Repayment ...

7. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   🏡 ($220,000 [outstanding mortgage] + $30,000 [home equity loan]) / $410,000 [home value] = 0.6097 x 100 = 60.97% The higher the LTV ratio, the more risk for the lender. And the higher an ...