What is the name of this type of loan?

💰 財經台租務及房地產

2011-07-26 9:50 am

Using my fully paid off house as a security to take a loan?

更新1:

I almost thought it's call a home equity loan, what's the difference?

回答 (1)

2011-07-26 9:52 am

✔ 最佳答案

It is a mortgage but the classification will be based on what you plan to do with the funds.

參考: Former Loan Documentation Specialist

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