With a Home Equity Loan, you establish an open line of credit that allows you to withdraw funds as needed. Home Equity credit is ideal for major expenses.
The minimum line of credit is $5,000 and the maximum is $100,000. Borrow up to 100% of the loan to value on your property.
Your simple guide to answer some of your questions:
To be eligible, the homeowner must have experienced a job loss or reduction in income due to changing economic conditions, through no fault of their own, and demonstrate a need for assistance.
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