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A home equity loan is like a second mortgage and often used to finance major expenses. simply said, it is a type of loan in which a borrower uses the equity of their home as collateral. Like a traditional mortgage, home equity loans are secured against the value of an individual’s property, but can only be used to refinance a home and are on a fixed term.
Texas Farm Credit, McAllen Branch Office. Hours of Operation: By Appointment. Call to schedule an appointment.
Valley Federal Credit Union in Brownsville, Harlingen and Raymondville offers its members loans, checking and savings accounts.
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