America's Moneyline

Do you have a large expense approaching? If it requires a substantial amount of money, more than a few hundred or thousand dollars, your home equity may be the solution. The difference between the fair market value of your home and the amount you owe on the loan is accessible through a home equity loan. Also known as a second mortgage, this loan money comes from the equity you have in your home. Some benefits of this option include access to a large sum of money when needed, easier to obtain then an unsecured loan, and may offer a more steady interest rate with fixed payments. 

Although it comes with many benefits, there are also a few risks with which it is associated. Call America’s Moneyline today to learn about both the benefits and risks associated with a home equity loan. 

We will be happy to start the process with you today!