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You’ve worked hard to have a nice home, and sometimes it’s nice to know that you can put your house to work for you. Use the equity in your home to get a home equity loan.
Fixed-rate home equity loans, also called “second mortgages,” are great when you know how much money you need and you’ll be making just one or two payments. Common uses for home equity loans are:
- Installing a swimming pool or deck
- Buying a car
- Re-roofing or re-siding the house
- Adding a garage
- Remodeling the bath or kitchen
- Starting a business
- Consolidating debt
Home equity loans give you the security of predictable payments, and the payments can be spread out over several years so they don’t break your budget.
NMLS #509060
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