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Month: February 2020

Requirements to apply for a home equity loan

Requirements to apply for a home equity loan

For those who don’t know, the Home equity loans allow you to have a stipulated amount of money to cover your expenses or financial needs, using as a guarantee the net price of your home. It is a very good option if you need a large amount of money and have a home owned. Actually, these types of loans are very common. Especially when we need financial solvency in the short or medium term, either to invest in a personal…

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Conditions of secured loans and mortgages

Conditions of secured loans and mortgages

There are multiple differences between a mortgage loan and a home equity loan. But are they valid options for the same situations? Or are they completely different products? Pay attention, we tell you when it may be convenient to apply for a loan with a real estate guarantee against the traditional mortgage. First of all, you must be clear that a home equity loan is somewhat different from the home loan. These loans with collateral allow you to access a…

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3 differences between a mortgage and a credit

3 differences between a mortgage and a credit

It is very possible that you have ever been confused when you have been told about a Mortgage Credit and a mortgage, due to the similarity between these concepts. In fact, in both cases it is a money loan, usually with interest, which you must pay over time. However, there are three very important differences that you should keep in mind, especially if you are thinking of requesting one of them. Warranty In a Mortgage Loan, the debtor generally responds…

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