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The day you buy the house, your equity is the same as the down payment (,000):0,000 (home's purchase price) - 0,000 (amount owed) = ,000 (equity)Fast forward 5 years.

You have been making your monthly payments faithfully and have paid down ,000 of the mortgage debt, so you owe 7,000.

We have a large network of banks, lenders and private investors, which allows us to make many loans that others cannot.

We also have a 10-year-fixed home equity line of credit.

Second, the interest rate and fees are probably going to be a lot lower than you'd find on a bridge loan.

Let's say your current home is worth 0,000 and you've got 5,000 in equity in it, which works out to 50 percent equity.

Deciding which loan is right for you depends on the loan's purpose and your personal spending habits.

A home equity loan is usually a fixed-rate loan distributed in one lump sum, with terms that range from 5 to 30 years. This might be a good loan if you anticipate a large one-time expense such as a wedding, the purchase of a second home, or debt consolidation.




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