Home Equity Loans
SPECIAL ANNOUNCEMENT:
The rates on home loans are coming down as the Fed slashes short-term borrowing cost. Now is the prime time to buy a home or refinance your mortgage. Do not miss this opportunity to get a great rate! Scroll down to get your Free loan quote NOW while these excellent rates are still available.
A home equity loan allows you to take advantage of the equity you have in your home. The loan can be in the form of either an open line of credit with an adjustable interest rate or a closed end loan with a fixed interest rate. Home equity loan proceeds can be used for debt consolidation, home improvement, college education, investments and more. Unlike credit cards, consumer loans and auto loans, the interest you pay on a home equity loan is tax deductible, in most cases. A home equity loan can help you get your financial situation under control.
To apply for a home equity loan just click on the link to one of the three home equity loan programs which best describes your situation.
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Traditional home equity loan. This program is for homeowners who have built up some equity in their home. You may be able to borrow up to 100 percent of your home's equity. You can receive the funds in the form of a straight fixed-rate loan or you can be issued a line of credit from which you can draw funds as needed. Credit lines, in most cases, will have an adjustable interest rate. Loan repayment terms of up to 30 years. All credit types are eligible. Complete a simple online application for a fast and free quote. Apply Now
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125% home equity loan. This second mortgage program is for home owners who are in need of cash but have little on no equity built up in their home. It also is great for home owners who have some equity but not enough for their cash needs. The 125% home equity loan allows you to borrow up to 125% of your home's value. For example, if your home is valued at $100,000 and you owe $100,000 you can still borrow up to $25,000 more. This type of loan usually has a fixed-rate. Apply Now for a free quote!
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Bad credit home equity loan. Bad credit home equity loans are for home owners who have credit problems. These loans work the same way and generally have the same options as traditional home equity loans. The major difference is depending on the severity of your current credit profile your maximum loan to value (ltv) may be less and the rate of interest on your loan may be higher. Don't let unfortunate credit problems keep you from getting the cash you need. Apply now for a fast and free loan quote.