Borrow affordably by using the equity in your home. A Home Equity Loan can provide a great way to pay for those major expenses and purchases such as college education, home improvements, medical bills, or debt consolidation. This loan offers a very low rate because it is secured by the equity built up in your home, and in many cases the interest may be tax deductible. Consult your tax advisor regarding the deductibility of interest.
Fixed-Rate Home Equity Loans–The benefits of this loan include:
- The rate is fixed for the life of the loan.
- Terms up to 15 Years.
- No pre-payment penalty.
- Finance up to 80% of the appraised value of your home.
The typical closing costs associated with a Home Equity Loan range from $300.00 – $550.00, depending on the state in which you live. A non-refundable $106 application fee applies. Home Equity Loans are available in the 48 contiguous United States, excluding Alaska and Hawaii. Apply online or call 800-257-5354 for more information.
