Home Equity Annex and Resources

There are two types of home equity loans. A regular home equity loan and the home equity line of credit or HELOC. A regular home equity loan is a fixed sum borrowed at a fixed rate over a period of time. A HELOC allows the client to borrow various sums up to a fixed amount over a period of time. A line of credit works in a similar way as a credit card; you use it when you need it. The resources below will provide alternative Home Equity information and resources. Do you have a Home Equity related resource for this section? click here.