difference between refinancing and home equity loan

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We have several home equity loan options.. Did you know that the difference between the value of your home and any outstanding amount you owe on a.

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Mortgages and home equity loans are two different types of loans you can take out on your home. A first mortgage is the original loan that you take out to purchase your home. You may choose to take out a second mortgage in order to cover a part of buying your home or refinance to cash out some of the equity of your home.