How long is the term for a home equity loan 2024?
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Studied at the University of California, Berkeley, Lives in Berkeley, CA, USA.
Home equity loans and lines of credit are usually for a shorter term than first mortgages. The most common type of mortgages runs 30 years, while equity loans typically have a life of five to 15 years.
2023-05-10 11:05:52
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Charlotte Nelson
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Home equity loans and lines of credit are usually for a shorter term than first mortgages. The most common type of mortgages runs 30 years, while equity loans typically have a life of five to 15 years.