Home Equity Products
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Home Equity Loan from Bank of America
Bank of America, the largest commercial bank in the United States by deposits and the second largest… Read More
Home Equity Line of Credit from GMAC Financial Services
GMAC Financial Services offers a home equity line of credit which you can draw cash from a source based… Read More
Access 3 Equity Line from SunTrust Bank
SunTrust's Access 3 equity loan offers three repayment options. It can work like a revolving line… Read More
Home Equity Line of Credit from Discover Financial Services
Discover Financial provides an equity line of credit which you can use to maximize the equity on your… Read More
Home Equity Line of Credit from Washington Mutual (WaMu)
The WaMu Equity Plus Line of Credit provides you with the most versatile way of borrowing from your Home… Read More
Prime Equity Line of Credit from Wachovia Bank
Wachovia Bank offers a Prime Equity Line of Credit that allows you to establish a flexible credit line… Read More
Adjustable Rate Home Equity Loan from Wachovia Bank
Wachovia Bank's Adjustable Rate Home Equity Loan has lower initial monthly payments with initial… Read More
Home Equity EssentialLine from Regions Bank
The equity in your home secures this flexible, renewable line of credit. Funds are available all at once… Read More
Home Equity Line of Credit from Charles Schwab
Offereed by the Charles Schwab Bank unit of San Francisco-based discount broker Charles Schwab, a Home… Read More
Home Equity Loan Matching Service from LendingTree
LendingTree connects its customers to home equity loans from lenders across the country. All you have… Read More
It’s possible to borrow money using your home as collateral via a home equity loan or a home equity line of credit. Assuming you already got a mortgage in order to buy your place, a home equity loan is a second, smaller loan that you can use to spend money on other things (most commonly and sensibly, a renovation). These loans usually have 10-year terms and fixed interest rates. You get the money in one lump sum, and then pay it back over ten years (or sooner if you’d like, but watch out for prepayment penalties.) Home equity lines of credit are structured a bit differently. Instead of getting a lump sum, you get a line of credit (like a credit card). You can use some or all of that line of credit, and you have it for several years. You only pay interest on the portion you actually borrow.

















