Home equity loans are offered by mohit grover, a company that offers mortgage services. A secured term loan known as a home equity loan enables homeowners to borrow money against the value of their property. With Cmhc Insurance Calculator You may often borrow more money with a home equity loan at a lower interest rate than you can with an unsecured loan. A lump sum payment is the form that a home equity term loan takes. We're committed to making the process as simple as we can for our customers.