If you want to tap into your home’s equity, you have a few options, one of which is the closed-end home equity loan. A closed-end home equity loan is like your standard mortgage with monthly payments and a finite term.Looking for Current Mortgage Interest Rates? Click Here.Keep reading to learn how it works. How the Closed-End Home Equity Loan Works The closed-end home equity loan gives you the chance to tap into your home’s equity. Let’s say you borrow $100,000 of your home’s equity … [Read more...]