Mortgage Investors Group

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6601 Kingston Pike
Knoxville, Tennessee 37919

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Home Equity Loans

A home equity loan can go by many names, such as an equity loan, equity mortgage, or a second mortgage. These loans allow you to borrow money against the equity you have built in your home. The amount you can borrow will depend, at least in part, on how much equity you have.

Equity refers to the difference between the fair market value of your home and what you owe on your mortgage. If your home is valued at $300,000 and you owe $225,000 on your home loan, you have $75,000 in equity. Most people can borrow up to 85 percent of their home equity in a loan.

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Mortgage Investors Group's
6601 Kingston Pike
Knoxville, TN 37919