Category: Advance America Online

House equity loan

February 14, 2020 by Neel Rao

Filed under Advance America Online

Last modified February 14, 2020

House equity loan Financial Definition of home equity loan A property equity loan (HEL), also referred to as a second home loan, is that loan guaranteed because of the equity in a property. Equity equals the worth associated with homely household less the total amount owed in the home owner’s home loan. House equity loans can be utilized to fund major expenses, such as for …