Home-Equity Loan
A fixed-rate lump-sum second loan on top of the existing mortgage — the first mortgage and its rate stay untouched. One fixed payment over a fixed term, with a projectable total interest cost.
| Audience | Name |
|---|---|
| Engineering (code) | heloan |
| Design (UI label) | Home-equity loan |
| Borrower-facing | — |
| Do not use | — |
Sources
- POC code — src/lib/protocol.ts