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What is a Home Equity Loan, and How does it Actually Work?

Posted by Collin McGorty on Aug 8, 2018 9:00:00 AM

If you’re a homeowner looking to finance a large purchase or pay off preexisting debt, consider a home equity loan, also known as a second mortgage. Read along to learn more about these kinds of loans, as well as if they’re right for you and your situation.

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Topics: residential real estate, Mortgage, Loans

Smith & DeGroat Real Estate

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