|
Do I have to be a homeowner to qualify for a home equity loan? Yes, these offers are exclusively for homeowners. How do I find out what my interest rate will be? After completing an application , an Account Executive will be able to run your credit report and assess your information to determine the products and interest rates available to you. The interest rates will be determined by your credit history, loan-to-value ratio, loan amount, property specifics and any rate reduction options that you select. How do I know if Home Equity Loans will save me money? After reviewing your online application, an Account Executive will compare what you are paying now on your high-rate debt to what your consolidated payment would be on a new home equity loan. Is the interest tax deductible? Interest paid on your account may be tax deductible on the first $100,000 of home equity indebtedness and up to 100% of your home's value. Always consult with a tax advisor regarding your particular situation. Does filling out an application obligate me to complete a loan with you? No. Filling out an application does not obligate you to open an account. How does the loan process work? An Account Executive will work with you to determine the products and interest rates available to you. After we review your credit report, you will receive a list of the documentation needed to complete your loan. Once your loan is approved, in most states, we will arrange for a signing agent to come to your home to have the final papers signed by you and you'll have your money in days. |