An equity loan is a new solution for low-income families and individuals with limited assets. It is a remedy in aid of those who need assistance to be able to enter the real estate property market. According to the income you can qualify for 20% or 30% equity loan.
Those who qualify are first-time buyers, and those who have not been owners of real estate property during the preceding five years and who are below a certain income limit. This way an Equity loan will help individuals / married couples / cohabitants to be able to build equity instead of being stuck in the rental market or in their parents’ home.