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Home equity heloans - PowerPoint PPT Presentation

What is a Home Equity Loan (HELOAN)?

Your home is your biggest asset. A Home Equity Loan (HELOAN) puts your home to work for you. A HELOAN allows you to borrow money by using your home as collateral. A HELOAN is sometimes called a second mortgage as you can use the equity in your home u2013 the value of your home less your mortgage amount u2013 to borrow money.

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Home equity heloans - PowerPoint PPT Presentation

What is a Home Equity Loan (HELOAN)?