http://www.1tofree.com/loan-consolidation/is-a-consolidation-loan-secured-by-ones-house/ Student Loan, College Loan, Debt Loan, Sun, 01 Aug 2010 00:01:17 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.1tofree.com/loan-consolidation/is-a-consolidation-loan-secured-by-ones-house/comment-page-1/#comment-1277 primetimekj Wed, 24 Jun 2009 19:14:06 +0000 http://www.1tofree.com/loan-consolidation/is-a-consolidation-loan-secured-by-ones-house/#comment-1277 A consolidation loan for $100K to $200K generally is secured by a person's home. For your 2nd question, Home Equity loans are a little different from a line of credit. The Home Equity loan is a lump sum loan. For exampled if you applied and got approved for a $50K loan , they would give you the $50 all at once. The line of credit is really designed for you to use when you need. Generally you only be taken a few thousand at a time. Since the risk is greater for a lender to lend out $50K all at once, that's why the rate is higher. A consolidation loan for $100K to $200K generally is secured by a person's home. For your 2nd question, Home Equity loans are a little different from a line of credit. The Home Equity loan is a lump sum loan. For exampled if you applied and got approved for a $50K loan , they would give you the $50 all at once. The line of credit is really designed for you to use when you need. Generally you only be taken a few thousand at a time. Since the risk is greater for a lender to lend out $50K all at once, that's why the rate is higher.

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