Get Money Quicker from Home Equity

We guarantee the lowest rates on the web for home equity loans.

There may tax deduction for mortgage interest up to the value of your home. As a homeowner you have the ability to save more money than non-homeowners because you can fix your unsecured debt to a home equity loan that offers lower rates and fixed terms.

Start saving money today by consolidating all of your debts into one low payment. We can help you pay off your financial obligations quicker with a consolidation home mortgage loan. Our Home Equity loan programs are available whether you have equity or do not have equity.

We guarantee the best loan offer on the web for home equity loans. There are no up-front costs and have no obligation to commit to our financing programs. We currently have 2nd mortgage programs available in all 50 states.

Equity Loans up to $200,000 Apply Now!
You can get money for Consolidation, Home Repairs or investments. No Equity is Required! Get Pre-Qualified for a loan even if you just purchase your property.

Line of Credit based on your Home Equity
Need some money fast? Use your home's equity how and when you want! Get a line of credit secured by the equity in your home. It is an excellent plan when you simply want the money to be there in case you need it. Since this is a revolving line of credit, as you pay back what you borrow, the money is yours to use over and over again.

Mortgage rates are determined by credit scores and combined Loan-to-Value ratios.

Home Equity Loans:
Features and Benefits - By Jennifer Frakes

Puzzled by Home Equity Loans? You are in good company. With the many options available to you, it is easy to feel overwhelmed. Different types of home equity loans have a variety of features and benefits for homeowners. If you are thinking about making home improvements that will add value to your home, trying to lower your monthly payments on an existing home equity loan or line of credit or want to consolidate your debt, read on for a guide to piecing the puzzle together.

Second mortgages, home equity loans and home equity lines of credit all use your home as collateral and the interest on these loans is tax deductible. However, they differ on many levels. Although second mortgages and home equity loans are usually lump sum loans for a fixed period of time, depending on the type of loan you choose, the interest rate can be either fixed or variable. On the other hand, home equity lines of credit allow you to borrow money from the equity in your home in the same way a credit card allows you borrow money against your credit limit. In other words, you can continue draw off your equity up to the limit set by your loan.

Another piece of the puzzle is cash-out refinancing. Cash-out refinancing is different from home equity loans because it is a replacement of your existing mortgage, not an additional loan. With cash-out refinancing you can borrow more than the amount you owe on your home and use the additional cash you receive at your discretion. According to a recent article on Bankrate, homeowners must answer the following questions before beginning a cash-out refinance:

  • Are you refinancing at a lower interest rate?
  • Will your monthly payments decrease enough to offset closing costs and other fees associated with refinancing?
  • How do you plan to spend the money?

If you are refinancing at a lower rate, are able to recoup your closing costs in a fairly short amount of time and are planning on spending the cash on something that will add long-term value to your home or life, then cash-out refinancing might be the piece of the puzzle that fits for you.

To read the entire article, Jennifer is a free-lance writer who provides many home equity mortgage realted articles for Home Equity Loan Quotes & American Home Equity Loans.

 

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