Home Equity Loans

 

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A Home Equity Loan is a way of generating capital without selling your house: 

You would basically borrow a sum of money based on the equity you have in your home - equity (the difference between what your house is worth and the amount you have to repay on any mortgage or other loans secured on it.)

As this form of loan is secured against you home, it is essential that you can afford the repayments, as failure to do so could result in the loss of your home.

 

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