What are home equity loans?

Applying for a home equity loan will provide us with the credit we need for our economy, either to invest in a hopeful project or to cover a series of needs. However, we must add that such a loan will only be possible if we have a property in our name to be able, thus, to qualify for these loans.

What are they?

What are they?

When we talk about mortgage guarantee, we refer to the guarantee that assures the financial institution that it will not lose the amount borrowed in case of default or breach of the conditions previously established in the contract. That said, we must be aware at all times that in case of default, we will lose our property.

Therefore, an entity provides us with credit in exchange for ensuring that the loan is repaid with a property free of economic charges or with few charges.


Home equity loans are easy to apply for and have advantages such as:

  • They offer larger amounts than a personal loan.
  • Home equity loans do not take into account delinquent lists.
  • They have flexible repayment terms, adapted to the applicant’s economic situation
  • It is possible to use the dwelling used as collateral while enjoying the loan and paying the fees.


In order to enjoy these home equity loans, we must meet minimum requirements demanded by the financial institution:

  • Be of legal age
  • Owning a property that we can use as collateral, provided it is not mortgaged.
  • The property must be free of economic charges or with few charges, depending on the entity with which we requested the loan.

How does it work?

How does it work?

In Lite lending company they offer a fast, flexible and uncompromising service. A financing which does not take into account delinquent listings, but does require having a property in our name free of charge or with few.

You have to follow these steps to apply for credit with Lite lending company:

  1. Fill out this little questionnaire

  2. We study your profile

  3. We advise you for free and without obligation

  4. Enjoy your home equity loan

Its operation is very simple. The first is to answer a small questionnaire through which to carry out an exhaustive subsequent study analyzing your profile in order to offer you the service that best suits your needs. And finally, offer the credit up to 60% of the value of your home with the best conditions.

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