Comments on: How long can banks keeps ignoring home equity loans? Insight and investigations from our expert reporters Thu, 02 Jan 2014 05:21:21 +0000 hourly 1 By: SophiaM Fri, 17 Feb 2012 10:05:38 +0000 A home equity loan, also known as a second mortgage, allows homeowners to borrow money from their home’s available equity. These are commonly used for debt consolidation, home improvements, educational expenses, unplanned emergencies, vehicle purchases, and other gifts and purchases.

Home equity loans are a popular financing option for homeowners who need additional cash. These loans usually offer a lower interest rate than credit cards. In addition, the interest you pay may be tax deductible

The two most popular types of home equity loans are a home equity line of credit (HELOC) and a home equity fixed loan. If you do decide that a home equity loan is right for you, remember to do your homework. There are a variety of loan options available so it’s important that you compare lenders and rates in order to find the best deal.

Here, I would recommend to you. It make it very easy to get multiple quotes, compare rates from around a 100 companies & find out the best rates to avail affordable instant home equity loan (second mortgage) at absolutely no cost and obligation.

Carfinance.Org compares home equity rates, gets multiple quotes on home equity loan rates and offers services for both home equity line of credit (HELOC) and home equity fixed loan at incredibly lower interest rates.