When looking for a home loan lender there are many different and various types of lenders to choose from depending on the borrowers needs. Home loan lenders can be found in many different ways. A borrow can go on the internet and search for internet lenders. Internet lenders usually would have you apply thru their website after you have reviewed their terms and conditions of the loan, from their closing costs and/or any application cost that may have to be paid.Many banks and financial institutions also are a home loan lender that offer an array of home loan products. One such product may be a home improvement loan, which you can take out of the equity of your home. Most home improvement loans are a fixed rate loan that can be paid of from anywhere between five years up to twenty years. Home improvement loans are a great way for a borrower to take out a loan if they are in need of making some home improvement loans to their house or if they want to an addition on or any other types of improvements that would appreciate the value of their home. Most home loan lenders will allow a borrower to take out up to 80 percent of what the value of their home is minus any other mortgage or lien they may have on their home. For example, if somebody’s house is worth $200,000, then 80 percent of $200,000 would be $160,000. Now if a homeowner has $100,000 on their existing first mortgage on their home then they would have to take the difference between $160,000 and $100,000, which would be $60,000. Therefore, the maximum amount a home loan lender would let a borrower borrow is $60,000.Many home loan lenders also offer what is called a Home Equity Line of Credit or HECL for short. These are a little different from a home improvement loan because they are a revolving line of credit which a borrower can pay-off and then borrower against over the term of the credit line. Most credit lines have a term of between five years and 20 years, and may vary depending on the home loan lender that is giving the loan out. Home equity credit line are good for borrowers who may have various home improvements that they need to make over the course of several years and therefore may not be in need of a one lump sum check, which would be the case of an home improvement loan. Besides the revolving credit, credit lines also differ from home improvement loans by having a variable rate as oppose to a fixed rate. The variable rate is usually based upon the prime rate that is determined by the Federal Reserve Bank. As you can see, Home loan lenders are very easy to locate, from going on the internet, or going to a bank or credit union in the area in which you live, and they all offer a variety of loan products for your needs.