GuideToLenders is the #1 resource for information on mortgages. At GuideToLenders, you can choose from the best lenders available. A Home equity loan utilizes a home's equity as guarantee (collateral) and is known as a second mortgage. You can receive your total loan amount upfront and pay off the loan over a predetermined period of time. An Equity line of credit allows you to have access to a line of credit which you can obtain as you prefer. Interest paid on these loans may be tax-deductible (Consult your tax advisor).

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