Most home equity loans have fixed interest rates and 15-year terms.

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Traditional home-equity loans mostly charge fixed rates, and the borrower gets the money in one lump sum.

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The majority of these investments are in fixed income securities like government and corporate bonds and the remainder in equity securities, mortgage loans, policy loans and other investment securities.

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Mortgages can come with fixed, variable and adjustable interest rates, and typically offer longer terms of repayment than home equity loans.

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