A Home Equity Loan, sometimes referred to as a second mortgage, is a form of credit that offers a fixed rate and fixed monthly payments for a specific term
Highlights include:
- A competitive fixed interest rate
- Financing up to 100% of the appraised value of the home
- Loan amounts from $5,000 to $500,000
- Closing costs can be deducted from the loan proceeds
- Loan terms up to 20 years


