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2. Where to get a home equity loan: Finding the best lender for ...

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

   Because they are riskier for lenders, home equity loans can be tougher to get than regular mortgages or personal loans: The best candidates have paid off much of their mortgage, and have higher ...

3. Home equity loan or HELOC vs. reverse mortgage: Which is ...

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

   For example, a reverse mortgage could take up to 45 days to close, a HELOC could take upwards of two to six weeks, and a home equity loan could take two weeks to two months. These are standard ...

4. Who is the best candidate for a home equity loan? - AOL

   www.aol.com/finance/best-candidate-home-equity...

   Home equity loan — Fixed. Terms. HELOC — Up to 30 years (10-year draw period, 20-year repayment period) Home equity loan — 5-30 years. Repayment. HELOC — Up to 20 years. Home equity loan ...

5. What are the pros and cons of home equity loans? A ... - AOL

   www.aol.com/finance/pros-cons-home-equity-loans...

   A home equity loan comes with a fixed interest rate and gets repaid just like a mortgage: monthly payments over a set period, usually 30 years. This loan can be used for any purpose, such as ...

6. Home equity loan vs. HELOC: Which is best for borrowing ... - AOL

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

   Credit score of 680 or higher. Generally, the higher the score, the lower your interest rate will be. Debt-to-income ratio of up to 43%. Your DTI is how much debt you have compared to how much you ...

7. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   $410,000 [home’s value] x 0.80 [maximum allowed to borrow] – $220,000 [outstanding mortgage] = $108,000 available to borrow. Keep in mind: It’s not free to take out a home equity loan.