New Jersey home equity loans

New Jersey home equity loans

If you’ve built up equity in your New Jersey home, you can use it to borrow cash by applying for a home equity loan. With its fixed terms including payoff schedule and interest rate, this type of loan is sometimes a better option than refinancing your mortgage. Although interest rates will be higher on a home equity loan, you can repay the debt in half the time it will take to repay a mortgage refinanced for 30 years.