I'm Tyler Martin, a seasoned real estate professional specializing in Lincoln and Omaha, NE. With expertise in both markets, my team and I assist clients in buying, selling, and investing in properties tailored to their unique needs. Whether you're exploring Lincoln's charming neighborhoods or Omaha's diverse communities, we provide personalized guidance and strategic insights to ensure a seamless real estate experience. Contact me today and let's achieve your real estate goals together!
Home Equity: How to Use It
Home Equity: How to Use It
What’s the difference between a second mortgage and a home-equity loan? What is a home-equity loan, and is it different from a home equity line of credit? And is a mortgage refinance similar to the above, or a different animal altogether? Let's take a look at all the various ways you can use your home equity – without fear of losing your home or getting taken for a ride.
First of all, a second mortgage and home equity loan are basically the same thing. These terms refer to money that is borrowed against the value of your house. Unfortunately, many people don’t realize that these loans are liens against your property – in other words, if you default on the…