Mark Cappel
UpdatedJul 5, 2007
Can Home Equity Loans be a 30 yr term?
Can Home Equity Loans be a 30 yr term?
Yes, Home Equity loans can be 30 years. Most mortgages are 30 year tenure loans. HELOCs (home equity line of credit), specifically, are typically shorter term loans with shorter duration... however, many lenders will allow 30 year repayment periods for Home Equity loans.
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I hope that his helps you make the right decision for your particular situation, but be sure to shop around and find a loan that meets your needs.
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