Features and Benefits of Home Equity Loans in Vancouver

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What You Ought to Know about Home Equity Loans
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• There is nothing like staying at home for real
  comfort.
• - Jane Austen

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• Home equity loans or second mortgage which allows
  homeowners to borrow money by leveraging the
  equity in their homes. As many homeowners now owe
  more on their houses than the houses are worth,
  these home equity borrowing standards are
  tightening.

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• There are two types of home equity loans.
• Fixed rate loans
• Home Equity lines of credit
• Both options are available with terms that
  generally range from five to 15 years.

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• FIXED RATE LOANS
• This type of loan provides a single, lump payment
  with an agreed-upon interest rate. The payment
  and interest rates remain the same throughout.
• HOME-EQUITY LINES OF CREDIT
• This is a variable-rate loan which accepts
  variable monthly rates depending on the amount of
  money borrowed and the current interest rate.

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• BENEFITS
• Easy source of cash
• Interest rate is lower than credit card
• Tax deduction

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• Looking to get a home equity loan in Vancouver?
• Visit www.mortgagebrokerbc.co for more
  information.
• Phone [phone]
• E-mail mortgageapprovalcorpvancouver_at_gmail.com

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