Don't know what a Home Equity Mortgage is? The below article highlights what they are and how they possibly fit into your loan.

Home equity mortgage loans are secured property loans that allow you, as a homeowner, to receive a loan based on the amount of equity currently in your home. Home equity mortgages are often called second mortgages as they use the equity in your property as collateral. There are many reasons that you may want to consider a second loan on your house’s value. These reasons can include help for various financial reasons. That being said, getting a home equity mortgage loan will increase your monthly house payment and add liability to your financial portfolio. You should always research and carefully consider your options before you jump into the situation of taking out a loan on your property value. There are a number of good mortgage companies that offer property-based notes should you decide to pursue a home equity mortgage.

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