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They perform this stress test to be sure you will have the ability to meet the loan even with fluctuations of prime and a shorter repayment period that might be stated in the loan. Some Possible Disadvantages Ms. Bronstein also points out that while home equity loans are generally more ...
Home Equity Loans- Rates are based on a fixed rate home equity loan in New York for an owner occupied residence, second lien, 10 year or 15 year repayment terms with an 80% loan-to-value ratio for loan amounts of $100,000. Rate Discount indicates the amount of reduction in the Rate...