Home » Mortgage Loan » What are the pro and cons of a 2nd mortgage VS a home equity loan? Which is better?

What are the pro and cons of a 2nd mortgage VS a home equity loan? Which is better?

Legal to use home equity to pay mortgage? I have a fixed mortgage at 6.5% but my home equity loan just dropped down to 4%. Would it be legal to pay off my entire mortgage using my home equity line of credit? Refinancing…
selling, home equity loan–what happens? my husband and i want to move back to our hometown, but we've only owned our home for 2 years and have a home equity loan that we rolled our other debts into. we won't…
In Texas how long till you can get a… ...purchased in cash with no mortgage? We tried for a home equity loan, and the lender said we had to live here at least 6 months first to it can acquire some equity. I explained…
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