What is a Home Equity Loan?

home valueWhen you use the equity in your home (the difference between the appraised value of your home and your mortgage balance) it is considered a Home Equity Loan. It allows you to take advantage of the amount you have invested in your home through a fixed rate or variable rate mortgage; through a first or second mortgage.

At Royal United Mortgage, home equity advisors can help you determine the best way to tap into your home's equity at today's low rates.

Why would you need a Home Equity Loan?

There are a number of reasons:

  • Pay for college
  • Buy a car
  • Consolidate your debts
  • Reduce your monthly payments
  • Pay bills
  • Buy another house
  • Start a business
  • Buy a luxury item

Why get a Home Equity Loan with Royal United Mortgage?

At Royal United Mortgage our home equity Mortgage Advisors can guide you through the best way for YOU to take advantage of the equity in your home based upon your needs. Our goal is to find out what make sense for you based upon your need and your short and long-term goals.

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