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First Federal Bank of Kansas City. O. Box 419194, Kansas City, Missouri 641416194July 2017 Prime + 2.5× w/Important Terms of Our Mastering Equity Nonstandard Program and Simultaneous Second Mortgage
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A home equity line of credit (HELOC) is a type of revolving loan secured by the equity in your home.
Homeowners who have a HELOC on their property are required to file the necessary paperwork.
To fill out a HELOC, homeowners typically need to provide information about their income, credit history, and the value of their home.
The purpose of a HELOC is to provide homeowners with access to funds based on the equity they have in their property.
Homeowners must report details about the amount of the HELOC, interest rates, and terms of the loan.
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