A home equity loan is a loan secured to your home that is usually in second position. It is funded as a lump sum with a set term and a fixed rate. You pay principle interest on that lump sum versus a home equity line of credit that offers a variable rate, interest only payments and you pay on the amount you draw. This alternative is used for fixed cost purposes.
With a home equity loan you can use your home as collateral to help consolidate bills, make home improvements, buy a new car, or even plan a vacation. Home equity loans provide large amounts of cash at relatively low interest rates. This type of loan also provides certain tax advantages that are unavailable with other loans. (Check with your tax adviser for details.) The lender that we find for you will help discuss all of the details and questions you may have.
Simply fill out the following questions to get started. After you submit your application, we will analyze your information and match you up with the right lender for your home equity loan. Your inquiry will only be presented to fully qualified lenders who we find will meet your exact financing needs.