May
22
2009
What is the difference between a mortgage and a home equity loan?
Posted by: in Mortgage Loans News, tags: Equity Share, Excerpt, Home Equity Loan, Home Improvements, Limited, Loan News, Mortgage Loan, Mortgage News, Mortgage Rates, News Sources, Parents, Pay EquityNews Sources wrote an interesting post today on
Here’s a quick excerpt
I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a home equity [...]
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