By
eHow Personal Finance Editor
Difficulty: Moderately Easy
Things You’ll Need:
- Real Estate Brokers
- Online Mortgage/finance Services
Step1
Make sure you have sufficient equity in your property to draw upon.
Step2
Contact your financial institution. You already have an established relationship with this organization, and it will likely want to keep you as a customer.
Step3
Contact other local banks or savings institutions that specialize in home equity loans.
Step4
Ask a local real estate mortgage broker to recommend lenders.
Step5
Search for a lender online.
Step6
Decide if you want an adjustable or fixed interest rate. (Depending on your credit, your loan-to-value ratio and the lender you choose, you may not have a choice.)
Step7
Complete the loan process.