Useful tips & advice
Home Equity Loans
What advantages does a YourHomeLoan.info Home Equity Loan offer me?
YourHomeLoan.info offers you several outstanding advantages:
- Low rates
- Low monthly payments
- No application fee
- No points
- No hidden fees
- No prepayment penalties
- Apply online
- Instant approval
- Borrow up to 125% of the equity in your home
- Potential tax-savings (the interest you pay may be fully tax-deductible which further reduces your cost of borrowing. Consult your tax advisor regarding the deductibility of interest.)
For your further convenience, YourHomeLoan.info offers both fixed-rate and variable-rate Home Equity Loans.
I currently have a Home Equity Loan from another lender at a higher interest rate than what you're offering. Can I switch my loan to the lower rates at YourHomeLoan.info?
Yes you can! Just complete and submit your Home Equity Loan application. Upon approval of your loan, you can use your loan proceeds to pay off your existing home equity loan and enjoy our lower rates. You'll save money and it's quick and easy to do.
How much can I borrow?
At YourHomeLoan.info, you can borrow up to 125% of the equity in your home. For example: If your home has a current market value of $300,000 and an outstanding mortgage balance of $180,000, you have $120,000 in available equity. That's the amount you can borrow.
Am I free to use my YourHomeLoan.info Home Equity Loan as I wish?
Yes. How you use your loan proceeds is entirely up to you. Here are some of the most common ways Home Equity Loan clients are using their funds:
- Debt consolidation (paying off higher interest credit card and other debt)
- Medical expenses
- Education expenses
- Home improvements/renovations/repairs
- Major purchases (cars, boats, home appliances)
- Vacation and family expenses