Equity Loan

Q: What do you mean by Equity Loan?

A: Equity Loan is the loan that we can get against the shares and securities we have.


Q: Which one is better - Home Equity Loan or Home Equity Line of Credit or a Personal Loan?

A: Home Equity Loans can be get with low interest rates as compared to the personal loans. You will also get a fixed amount which you had to be repaid. After, your repayment is completed you need not to access the funds again. For getting personal loans you have to pay with high interest rates. Home Equity Line of Credit is reusable and you will get reasonable and fixed payments with low APR.


Q: How can i be able to get the equity loan, Can i get it against my home?

A: No, Equity loans usually means shares and stocks, equities, govt. bonds, etc. you have. Though, you can ask the finance company to get loan against your home.


Q: I had home equity loans with variable rates and high interests. What should i do to overcome it?

A: There are a lot of loan options available from home loan financial companies and banks. So, you should try to look for a second loan(refinance) with low interest rates and to pay your first loan.


Q: How does private equity firms or companies work?

A: Private equity companies usually raise money from investors and then invest it in equity companies. They work for private sectors and hence no dealing with the stock market.

Comments

Popular posts from this blog

Experian.com

BOXING DAY

Family Day