Home Equity Loans and Lines of Credit

If you are looking for a home equity loan or a home equity line of credit (HELOC), you have come to the right place. Lender411.com is the #1 mortgage resource on the web and will assist you in finding the lowest home equity loan rates. Our cutting edge lender search technology matches you up with the most qualified lenders and brokers and saves you thousands of dollars.

When you fill out the above short application, you will soon be contacted by up to 4 lenders from our lender network. We advise you to compare and carefully examine all submitted mortgage quotes in order to get the best interest rates.

A home equity loan or a home equity line of credit (HELOC) allows you to use your investment in your home to finance other things that you need or want.

When you borrow money, the bank or finance company needs some assurance that you'll repay the loan and a way to recover its money if you don't. Usually, they'll ask you to put up something of equal or greater value to the money they're loaning you as "collateral." If you fail to make your payments, the bank has the right to take your collateral and sell it to get their money back.

Home Equity Loan vs. Home Equity Line of Credit (HELOC)

The difference in a home equity loan and a home equity line of credit (HELOC) vary slightly. A home equity loan gives you a lump amount of money immediately, while a HELOC lets you borrow money as needed up to a credit limit much like a credit card. A home equity loan can be a fixed rate mortgage or an adjustable rate mortgage.