Ohio home equity loans
If you have an upcoming one-time expense and need money, consider a home equity loan. This fixed rate, fixed payment, and fixed payoff schedule type of loan can get you the money you need and may be a better option than refinancing your first mortgage. Understand that you may get a lower rate on a refinance, but closing costs on a home equity loan are usually lower. Also, a home equity loan is considered a second mortgage that has no impact on your first mortgage whereas a refinance modifies the structure of a first mortgage.
