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| About Home Equity Loans |
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home equity loan is also called a second loan or a second
mortgage. It's a loan that you take out on your house in
addition to your mortgage. This second mortgage allows you to
tap into your home equity to acquire cash without you having to
refinance your first mortgage. This second loan is usually tax
deductible, you should contact an accountant to learn if this
would be the case in your situation.
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