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Home Equity Products

Home Equity Loan from Bank of America

4

Bank of America, the largest commercial bank in the United States by deposits and the second largest… Read More

Do you have an email address for this unit ?

4 Reviews »


Home Equity Line of Credit from GMAC Financial Services

2

GMAC Financial Services offers a home equity line of credit which you can draw cash from a source based… Read More

Gmac cancelled our 300,000 equity line of credit because we were late one month. Our monthly payment…

3 Reviews »


Access 3 Equity Line from SunTrust Bank

5

SunTrust's Access 3 equity loan offers three repayment options. It can work like a revolving line… Read More

Suntrust's Access 3 has a number of benefits. There are no application fees, points, or closing costs…

1 review »


Home Equity Line of Credit from Discover Financial Services

5

Discover Financial provides an equity line of credit which you can use to maximize the equity on your… Read More

I have experienced some less than ideal credit problems over the past few months. I went to Discover…

1 review »


Home Equity Line of Credit from Washington Mutual (WaMu)

5

The WaMu Equity Plus Line of Credit provides you with the most versatile way of borrowing from your Home… Read More

This was a great option when we needed a home equity loan to pay for some needed home improvements. The…

1 review »


Prime Equity Line of Credit from Wachovia Bank

5

Wachovia Bank offers a Prime Equity Line of Credit that allows you to establish a flexible credit line… Read More

Great home equity loan options that will work for you no matter your situation. The people at Wachovia…

1 review »


Adjustable Rate Home Equity Loan from Wachovia Bank

5

Wachovia Bank's Adjustable Rate Home Equity Loan has lower initial monthly payments with initial… Read More

You may be able to deduct your interest expense on your taxes, just like your mortgage with this loan…

1 review »


Home Equity EssentialLine from Regions Bank

5

The equity in your home secures this flexible, renewable line of credit. Funds are available all at once… Read More

The variable rate comes as low as 4.50% apr. The money can be used however you see fit, and you get receive…

1 review »


Home Equity Line of Credit from Charles Schwab

4

Offereed by the Charles Schwab Bank unit of San Francisco-based discount broker Charles Schwab, a Home… Read More

ive enjoyed the no penalty payments or hidden fees. the rates are also very low id definitely looking…

1 review »


Home Equity Loan Matching Service from LendingTree

4

LendingTree connects its customers to home equity loans from lenders across the country. All you have… Read More

Home equity product at LendingTree works similarly to auto and mortgage. You have a lot of banks in…

1 review »


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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.

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