Creative Real Estate Investing Financing — Home Equity Loans/Line of Credit
Home Equity Loan -> mortgage products wherein all funds are disbursed at the beginning of the loan, with a definitive term and equal monthly payments
- E.G: $50,000 home equity loan for 15 years at 3.75%, would be $726 a month
- Home equity line of credit
- Not disbursed at the start of the…