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Home Equity Loans

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Home Equity LoansA home equity loan, commonly referred to as a second mortgage, is a note or line of credit that is secured or collateralized by the equity in your home.

A home equity loan can be a valuable borrowing option due to the low interest rates and tax deductibility of the interest.

How to Save on a Home Equity Loan

One easy way to save money on a home equity loan is to obtain quotes from many different lenders.  Not all lenders offer the same rates, and obtaining a lower interest rate on your home equity loan can easily save you thousands of dollars over the life of the loan.  LendingTree is a great site where you can obtain multiple home equity loan quotes in just minutes.

For additional home equity loan information, see our Home Equity Loan articles in the Personal Finance section of the site.

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