The main difference between Best Egg’s secured loan and a home equity loan is what’s used as collateral:
- A home equity loan uses your entire home as collateral, which can put your home at risk if you default.
- A Best Egg Secured Loan uses only fixtures in your home (like built-in cabinets, vanities, and light fixtures), not the home itself.
Additional benefits of a Best Egg Secured Loan:
- No appraisals, receipts, or extensive paperwork required
- Faster funding—about half of our customers receive their money the next business day
- Access to our lowest interest rates
Keep in mind, checking your rates has no impact on your credit score. Click here to get started.
To learn more about how to Be Money Confident, join Best Egg Financial Health.