Home Equity Loans

A closed-end, fixed rate home equity loan is excellent for home improvement or debt consolidation. You can borrow up to 100 percent of the appraised value of your home, less the balance of your first mortgage. Plus, the interest on a home equity loan may be tax deductible, consult your tax advisor regarding tax deductibility of interest. You can apply now:

Home Equity Loans – Investment Property

A closed-end, fixed rate home equity loan is excellent for home improvement or debt consolidation. You can borrow up to 70 percent of the appraised value of your investment home, less the balance of your first mortgage. Plus, the interest on a home equity loan may be tax deductible, consult your tax advisor regarding tax deductibility of interest.  Not available on Home Equity Line of Credit.  You can apply now:

Home Equity Lines of Credit

A home equity line of credit gives you the convenience of a credit line with even better advantages. You can borrow up to 100 percent of the appraised value of your home, less the balance of the first mortgage. Plus, you just apply once and then access your credit when you need it, for whatever you like. Low variable interest rates save you money over most other forms of personal credit and the tax deductibility makes it an even more cost-effective way to pay for the things you want today. Consult your tax advisor regarding tax deductibility of interest. You can apply now:

Additional Resources

If you are applying for a mortgage loan, housing counseling agencies are available to provide you with information and assistance. Please click here to access the Consumer Financial Protection Bureau’s site to find a housing counselor in your area, or contact the U.S. Department of Housing and Urban Development at 1-888-995-HOPE (4673).

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