Home Equity Loan

Have you considered tapping into your home equity to send a child off to college, or remodel your home? In a home equity loan, your fixed or adjustable rate loan is secured by the equity in your home. You borrow a sum to be paid back monthly during a set time frame, like you original mortgage agreement. A home equity loan might also be called a second mortgage.

Getting Your Home Equity Loan

Getting your current mortgage loan is a similar process to that of a home equity loan. Some distinctions are though, that the rate of interest with a home equity loan is typically more (with tax deductible interest) with smaller closing costs.

You will have to provide income verification and have good credit to qualify for a home equity loan. A home appraisal will be required to calculate the property's market value. To check on your home equity loan options, call us at 281-797-0903.

Have questions about your home equity? Call us at 281-797-0903. We answer home equity loan questions questions all the time.

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.

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