Home Equity Loan Rate: Applying: Introduction

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Wednesday, August 16, 2006

Applying: Introduction

Applying for a home equity loan requires much of the same paperwork -- and fees -- as a first mortgage.

Applying for a home equity loan isn't as time-consuming and detailed as applying for a mortgage, but it still requires some work and fees. In this chapter, we'll tell you what you need to show the bank when you apply for a loan, and we'll detail the fees and closing costs you can expect to pay. Finally, we give you some reasons to refinance that home equity loan.

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