What is a Signature Loan? What is an Equity Loan? 3 Austin Mortgage Pros answer, at your service!
Signature loan is a loan you get from your bank attached to no collateral, like basically your signature is saying you will pay it back. A home equity loan is where you pull cash out of your equity. Tx home equity loan is the name of it, it is maxed at 80% loan to value in TX. Thank you, CM Chad Mullenix | Branch Manager-Sr. Loan Officer | NMLS #260298 |Branch NMLS# 1706680 CMG Financial | Corporate NMLS# 1820 | 6720 Vaught Ranch Rd #100 | Austin, TX 78730 Direct Phone: 512.657.8017| Email: cmullenix@cmgfi.com | Web: Apply @ www.chadmullenix.com Those are two very different things. A signature loan is usually unsecured whereas an equity loan is when someone takes cash out of a property JOEL RICHARDSON Branch Manager Thank you for your business and referrals which make my business thrive: Top 1% Scotsman Guide | Power Producer Club | Top 20...