If you have paid your mortgage loan up to a level that the remaining debt is less than the current market value of your home, you are said to have equity in your home. Having home equity allows you to borrow money equal to a percentage of your equity amount, but the problem arises when you get to know that there are two different types of home equities. This article will explain the differences, benefits, and drawbacks of both a…
Home Equity Loan and Home Equity Line of Credit
