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There are many forms of home equity loans and lines
of credit in the mortgage industry, however two very basic forms
are:
- Fixed-Rate loan
- Variable Rate/Fixed-Term loan
Variables that are contained within the loan
itself can be endless. A borrower’s interest rate depends
upon these variables:
- Loan amount
- Applicant’s Credit history
- Loan to value
- Loan terms
- Property location
To receive a quote for your own rate, call us Toll Free at 1-877-392-0001. We will connect you to a lender who can assist in all your lending needs.
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