home equity loan??? other type of loan???

we're looking to get our kitchen and bathroom remodeled, but don't have anywhere near the amount of money we'd need.

so we'll need to take out a loan, but have no idea where to start! what exactly is a home equity loan and how does it work?

should i just get a regular loan instead? go through the mortgage somehow???

Re: home equity loan??? other type of loan???

I work for wamu and do Home Equity's.

You borrow the equity from your house and with a LINE of credit you only pay back what you use. Wamu allows you to fix and unfix a portion or the entire balance of the line. And for a 50.00 fee you can unfix it and fix it back in if the rates go lower.


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