Glossary Letter: H

A home equity loan is a type of loan that allows homeowners to borrow against the equity in their property. The loan is secured by the home’s value and is typically issued as a lump sum with a fixed interest rate and repayment term. Home equity loans are often used for significant expenses like home… Continue reading Home Equity Loan

A hard money loan is a type of short-term, high-interest financing secured by real estate. Unlike traditional loans, hard money loans are based on the value of the property used as collateral rather than the borrower’s creditworthiness. These loans are often used for real estate investments, such as property flips or developments, where quick funding… Continue reading Hard Money Loan