CALL US NOW: (1) 816-822-8888
 
   
 
Home / Home Equity
 
 

Home Equity

home equity line of credit (HELOC) 
A real estate loan, usually in a subordinate position, that allows a borrower to borrow against equity in real estate owned (usually a primary residence or second/vacation home) with specific limitations. This is an open-end loan that permits the borrower to repay and re-borrow the funds available.
home equity loan 
A mortgage on the borrower's principal residence (or second/vacation home) usually for the purpose of making home improvements or non-housing expenditures such as debt consolidation or tuition. This is a closed-end loan repayable in accordance with a fixed schedule.



 
   
 
 
 
  Apply Online| Mortgage Rates| | Pre-Qualification| Rate Watch| Tools| Contact Us| About Us| Site Map

© 2007 - 2009 A1 Mortgage Group LLC. / A Kansas Licensed Mortgage Co. / Kansas License # MC 0001649, MO License # 08-1556 FHA Approved Lender