| Home Equity Loan Rates
Lenders Nationwide has home equity loan options for all types of borrowers. Refinance your home for payment reduction, cash out, debt consolidation or simply accessing additional cash. Refinance loans can be a valuable tool for many purposes. Get a traditional home equity loan refinance or consider a cashing in on your home’s equity through a 1st mortgage refinance while the interest rates are still below seven percent nationally. Home equity loan allows you as a homeowner to get a 2nd mortgage by using the equity in your home as collateral.
Find a Local Broker or Mortgage Lender in your neighborhood! Search for lenders and shop interest rates with the top home mortgage lenders online. Get free quotes for a 2nd mortgage refinance and consider our unique programs for bad credit, rate and term, debt consolidation and cash out.
Home Equity Loan Features:
- 15,20, 25 30-year fixed rates
- HELOC’s behind Negative Amortization
- Interest Only: 10/5, 10/10, 10/25 (draw/ fixed repayment period)
Full Documentation and 12 Month Personal and Business Bank Statements
- Loan amounts up to $600,000 for Full Documentation
Stated Income and Reduced Documentation
- Loan amounts up to $300,000
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Fixed Home Equity Loan Rates As Low As 7.50%
This is based on a 20-year $100,000 Fixed Rate Loan at a 7.50% interest rate (Annual Percentage Rate is 8.135%), 90% LTV, with 1 point due at closing. Standard loan closing costs and fees also applicable. The monthly payment on this loan is $805.59. The home equity interest rates offered are subject to change. Actual payments will vary based on individual client situation and current rates. Not available in all states. All home equity loans are secured by a lien against real property and not all applicants will be approved. Annual Percentage Rate (APR) includes points, lender fees and some third party fees. Assumes excellent credit for all applicants, no cash out to the borrower, prepayment penalty where allowed, and full income documentation. Maximum home equity loan limits and minimum equity/down payment requirements apply. Other restrictions may apply. |
Home Equity Lines of Credit
- Open-end home equity loan
- Revolving home equity line of credit
- Minimum loan amount: $25,000;
- Maximum loan amount: $500,000
- Variable rate linked to prime rate index
- 10-year Draw Period
- No Closing Cost option available
- Now available in all 50 states
Home Equity Loans
- Fixed monthly installment loans
- Minimum loan amount: $20,000; maximum loan amount: $500,000
- Eligible products include fixed-rates and balloons
- 5-25 year loans available or balloon terms
- Coupon book or Auto-Debit payment methods available
- No Closing Cost option available
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