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Brighton Capped or Introductory Loan |
Capped or Introductory Loan
Home equity loans also go by the name line of credit or revolving line of credit loans. This type of mortgage allows the borrower to access additional funds by drawing on the equity of his home. It is packed features and facilities – easy access to funds through credit cards, check books, phone and online banking; withdrawal up the original limit without getting pre-approval; lower interest rates but higher credit limits than credit cards; savings on mortgage interest as income can be directed to the home equity loan
There are two important home loan categories that you should look at when thinking about moving.
* Home purchasing loans
* Home improvement loans.
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