Eligibility Requirements

Generally speaking, your credit history and score don’t have a major effect on obtaining a home equity loan because your home secures the loan. Equity in your home will be a key component in determining your available credit. Keep this in mind when considering a home equity loan. Failure to pay could damage your credit standing and result in the loss of your home through foreclosure.

• ☑ A variety of amortization periods
• ☑ More choices for individuals with imperfect credit
• ☑ Fixed interest rates available

• ☑ A fixed interest rate that doesn’t change, so you always know what your monthly payment will be.
• ☑ A variety of amortization periods that let you pay back your loan with favorable terms and conditions.
• ☑ A solution for those with imperfect credit to get access to additional funds.
• ☑ May be an ideal solution for single projects, such as a kitchen remodeling.
• ☑ Interest paid may be tax deductible depending on your situation and the state in which you reside. Not all states may permit this deduction. Consult a tax advisor to make sure you’re eligible.