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A Second Mortgage Vs. A Home Equity LoanIf you own your home and need a loan for whatever reason you have probably considered a second mortgage or a home equity loan to help you pay your bills, buy a new car, or pay for some other investment. However, you probably don’t know whether a second mortgage is better or worse than a home equity loan for your particular situation. However, don’t despair because there are some tips that will help you decide whether a second mortgage or home equity loan is for you. Second Mortgage Tip #1 One Time Expenses Second Mortgage Tip #2 Recurring Expenses Second Mortgage Tip #3 Repayment If you still don’t know whether a second mortgage or home equity line of credit is for you, then talk with your lender and see what is recommended for your equity, credit Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORJay Moncliff is the founder of http://www.new-mortgage-center.info a website specialized on Mortgage, resources and articles. This site provides updated information on Mortgage. For more info visit his site: Mortgage
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