Mortgages vs. Home Equity Loans: What is the Difference?
Mortgages and home equity loans are both ways to borrow that involve you pledging your home as collateral, or backing, for the debt. That means the lender can eventually seize the home if you don't keep up with your repayments. While the two loan types share this important similarity, differences exist between the two.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By : CHRISTINA MAJASKI
Original Article Posted on : Jun 2, 2020
Link to Original Article: https://www.investopedia.com/mortgage/heloc/differences/