Homeowners often assume that refinancing is the sole solution to extract a lump sum of money from their property. Don’t make the same mistake. Whether you need extra cash for home renovations, paying down debt, or bolstering your savings, consider a smarter solution: a home equity loan.

A home equity loan lets you pull money out of your home without touching your current mortgage! And, unlike a HELOC, this option comes with a fixed-interest rate, so you don’t have to worry about monthly payments fluctuating. This could be a great option for qualified homeowners looking to take advantage while home equity levels are still high.

Does your kitchen need an update? Bad plumbing causing you headaches? Kids begging for a backyard pool? The cash you need to make those updates could be easier to access than you may think. Get connected with a lender today to see how much cash you could potentially pull from your home.

Stuck with student loans and credit card debt? You may not be able to pay them off just yet, but there is a way to ease the burden. By taking cash out of your home, you could use it to pay off higher interest debt and reduce the number of different payments you have to make every month. Go over your options with a provider today.

Looking to start a college fund? Add to your investment portfolio? Or simply save up for a rainy day? The cash you need could be right at your fingertips. Let us connect you with a lender to see how much cash you could get out of your home and help secure a better future for your family.

No matter what your financial goals, we’ve got lenders ready to help you figure out how to make the most of your home equity. It costs $0 to check out your options and there’s no commitment required.

15-Year Fixed-Rate Mortgage:

An interest rate of 7.125% (7.324% APR) is for the cost of 0.125 point(s) ($375.00) paid at closing. On a $300,000 mortgage, you would make monthly payments of $2,717.50. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 80.00%. Rates shown valid on publication date as of November 04, 2024.

30-Year Fixed-Rate Mortgage:

An interest rate of 7.5% (7.615% APR) is for the cost of 0.00 point(s) ($0.00) paid at closing. On a $300,000 mortgage, you would make monthly payments of $2,097.65. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 80.00%. Rates shown valid on publication date as of November 04, 2024.

10-Year Home Equity Loan

An interest rate of 9.125% (9.508% APR) is for the cost of 1.50 point(s) ($750.00) paid at closing. On a $50,000 mortgage, you would make monthly payments of $613.27. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 11.43%.

20-Year Home Equity Loan

An interest rate of 9.25% (9.122% APR) is for the cost of 1.50 point(s) ($750.00) paid at closing. On a $50,000 mortgage, you would make monthly payments of $429.97. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 11.43%.

ADVERTISED CASHOUT PAYMENTS

Rates and/or payments displayed on the ads are for illustration purposes only. Actual financial services eligibility and rates may vary depending on consumer qualification. Ad content assumes a 30-year fixed cash-out loan of $50,000, at 7%, a home value of $400,000, and closing costs of $4,000. The ad content also assumes the homeowner has a current mortgage balance of $50,000 and a 6.000% APR on their existing loan. The monthly payments advertised represent the incremental cost to a monthly mortgage payment. Rates shown valid as of publication date of March 11, 2024 and were used in the payment calculations here.

ADVERTISED HELOC PAYMENTS

Rates and/or payments displayed on the ads are for illustration purposes only. Actual financial services eligibility and rates may vary depending on consumer qualification. Ad content assumes a loan amount of $50,000 and a home value of $500,000, with a mortgage balance of $200,000 in the state of California and an applicant with Excellent credit. HELOC rates displayed are 8.75% (for qualified consumers). Rates shown valid as of publication date of March 11, 2024 and were used in the payment calculations here. The monthly payments shown in the ads reflect the HELOC drawing period, not the repayment period.

ADVERTISED PERSONAL LOAN PAYMENTS

Rates and/or payments displayed on the ads are for illustration purposes only. Actual financial services eligibility and rates may vary depending on consumer qualification. Ad content assumes an interest rate of 7.5% over a 5-year repayment term. Rates shown valid as of publication date of March 21, 2024.

The Federal Housing Finance Agency Eliminates Adverse Market Refinance Fee: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Eliminates-Adverse-Market-Refinance-Fee.aspx

GSE: https://capitalmarkets.fanniemae.com/media/20371/display

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