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2. Should you use a home equity loan to remodel or ... - AOL

   www.aol.com/finance/home-equity-loan-for...

   Think of a home equity loan as a traditional second mortgage, providing a lump sum loan at a fixed interest rate with predictable monthly payments over a set term — typically five to 30 years.

3. Home equity loan vs. home improvement loan: Which is ... - AOL

   www.aol.com/finance/home-equity-loan-vs-home...

   For a $50,000 home equity loan with a 10-year term and an 8.60 percent interest rate, you’ll pay $623 for example. A home equity loan payoff calculator can help you do the math for different ...

4. Mortgages and loans to pay for home renovations - AOL

   www.aol.com/finance/mortgages-loans-pay-home...

   For example, your contractor must establish a construction schedule and plans for your renovation. ... If you borrow against your home equity to renovate your home, you can do pretty much any ...

5. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property.

6. Project finance - Wikipedia

   en.wikipedia.org/wiki/Project_finance

   The most common project finance construction contract is the engineering, procurement and construction (EPC) contract. An EPC contract generally provides for the obligation of the contractor to build and deliver the project facilities on a fixed price, turnkey basis, i.e., at a certain pre-determined fixed price, by a certain date, in ...

7. How to pay for home improvements - AOL

   www.aol.com/finance/pay-home-improvements...

   To borrow against your house, you must have at least 15 percent to 20 percent equity in your home. The amount you’ll be eligible to borrow depends on your loan-to-value ratio, or LTV, which ...