The complete Help guide to House Collateral Fund And you may Household Guarantee Agreements Key Takeaways When you take aside a property collateral loan, your borrow against the brand new security of your house. You get a lump sum initial you after that pay-off into the equivalent monthly installments during the a predetermined rate of interest more than a set name. When taking out a house collateral line of credit, additionally you borrow on this new equity in your home. […]