Home equity loans are loans based on the difference between the amount of money you owe on your home and the current market value of your home. The lender will essentially use your home as collateral for the loan money against its value. This type of loan is often used to buy large assets such as home renovations, etc. There are several reasons why people decide to take out a home quick loans from Brayden Hooper Mortgages. Here are six of the most common reasons: Pay Off Debt, Investment Opportunity, Cash Flow Optimization, Business Financing, Lower Interest Rate, Home Improvement and Renovation.