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snoopford
snoopford asked in Business & FinanceRenting & Real Estate · 5 years ago

are equity loans and mortgages the same?

2 Answers

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  • shipwreck
    Lv 7
    5 years ago

    Yes the equity loans are usually second mortgages. If you don't have a first mortgage then they are first mortgages.

  • coraann
    Lv 7
    5 years ago

    No, they are the opposite of each other.

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