Do Banks Do 30 Year Home Equity Loans?

[William Coet]

Hello,

Do banks do 30 year home equity loans?  If so, is it rare or common?  And if so, is it more common for local or national banks to offer a 30 year term?

Thanks!

[Andrew Postell]

@William Coet A "Home Equity Line of Credit", which would be on your primary home, would be a little different than a "Line of Credit" that you would get on investment property.  Most of these products thought are usually contain a variable interest rate and might be amortized over 30 years (meaning, the payments are structured on a 30 year payment) but they usually mature at a 10 year mark....meaning, they change into another loan product all together. Anyway, I hope this helps in some way.