What is a Home Equity Loan?

A home equity loan is a second loan that you take out on your home in addition to your mortgage. This is also called a second mortgage. This enables you to tap into your equity to get cash without refinancing your first mortgage. Unlike credit cards the interest is usually tax deductible.

How much can I borrow?

Your limit is determined by taking a percentage of your home's appraised value and subtracting the balances of any outstanding mortgages.

I have bad credit or no credit, can I get a loan?

Yes, but you may get a different loan rate depending on your credit rating.

What can I use my funds for?

The funds are yours to do as you wish.

Does Home Equity Loans Finder give loans?

No, we scout the internet and locate the best and fastest lending companies.

How much money can I receive?

You can receive a minimum of $20 000, the maximum amount is dependant on the information that you provide.