Should you be in the market for a homeowner loan, you might find yourself wondering exactly how to go about finding the loan solution that you're looking for.

A homeowner loan is a loan that's designed for individuals who own a house or other real estate, and uses the value of the home as the collateral for the loan.

A homeowner loan is sometimes called a second mortgage or a remortgage, because it is essentially a mortgage on real estate that you've already purchased.

Equity as collateral

One of the main considerations that a bank or finance company will examine before approving your homeowner loan is the equity that you have in your house or real estate.

If you're unfamiliar with the term, equity is a measure of the money that you have invested in your house against your mortgage