A number of Boca Raton real estate owners apply for home equity loans but aren’t even sure what they are. A home equity loan is often referred to as a second mortgage and it allows homeowners to borrow money using the equity they have already built in their homes. The interest on the loan is tax deductible, which brought home equity loans to popularity in the 1990s when the economy was not so good. A home equity loan is often referred to as a second mortgage and it allows homeowners to borrow money using the equity they have already built in their homes. Learn more at https://news.bhhsfloridarealty.com/home-equity-loan/

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