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Home Equity Loans are fixed rate, 2nd mortgages. Best of all, most of these loans are at no cost to you!! Get the cash you need and pay it back in monthly installments, over a period of 10, 15, 20 or 25 years! A Line of Credit is a second mortgage also, however it usually has a variable rate and allows you to pay back at your own pace, interest only, and borrow as needed. You line is available to you whenever you need it!
Lock in your Equity Line! |
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