Unlocking the Potential of Home Equity Mortgages
Home equity mortgages, often called home equity loans, are loans in which the borrower uses their home’s equity as collateral, meaning that the loan amount is secured by the homeowner’s ownership stake in the property.
Simply put, equity is the market value of a homeowner’s unencumbered interest in their property—the difference between the property’s current market value and the outstanding balance of all liens on the property. Visit > https://besthomeequityline.com..../unlocking-the-poten