- Home equity loan - Wikipedia, the free encyclopedia
A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home equity loan creates a lien against the borrower's house, and reduces actual home equity.Closed end home ... · Open end home equity loan · Home equity loan fees
http://en.wikipedia.org/wiki/Home_equity_loans
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