Equity loan enables a person to buy the home of their dreams with the ease of payments and on a much lesser cost. A good example in this aspect can be of a home which is to be bought by a person and the person will only have to pay 70% cost from the total worth of home and the rest of amount will be paid by the house builder and also by the government via the equity loan. However, the ownership of the home will be on the name of person who has paid 70%, enabling him to sell the home whenever he wants to do so. On the other hand there are other forms of loans as well which includes secured loans. Secured loans is a form of loans in which a person...
