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Home Equity Loan
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Home Equity Loan, Home Loan, Home Improvement Loan, Home Equity Line
of Credit, Home Loan, Housing Loan, Real Estate Leasing, Real Estate
Loan |
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Home Equity Loan, Home Improvement Loan, Home Equity Line
of Credit |
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A home equity loan is sometimes also referred
to as taking a second mortgage. The interest rates are usually fixed and the
loan is usually short-term, especially compared to the original home loan
tenure.
Home equity loans offer low fixed rate, tax deductible access to your home
equity to pay off your debts, improve your home, or get cash for any
purpose, without refinancing your existing mortgage.
A fixed rate home equity loan provides you with consistent monthly payments
for the life of the loan, regardless of changes in the interest rates. There
is a one time distribution of funds at the closing of the loan, which you
can use for any purpose. Fully amortized home equity loans are paid off at
the end of the payment terms, which can range from of five to twenty years.
Because home equity loans are placed in second lien position on your
property title, there is no need to refinance your existing mortgage, so if
you currently have a low rate mortgage, it remains the same. However, if you
have existing home equity financing, it must be paid off with the new loan,
so be sure to request a sufficient loan amount.
Home equity mortgage interest on your primary residence can be tax
deductible within the allowable guidelines. The current deduction is up to
$100,000 with a maximum 100% of value. |
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Wells Fargo
Address 9702 Bellaire Blvd.
Telephone 713-772-3641
Fax n/a
www.wellsfargo.com |
United Central Bank
Address 8585 S. Gessner
Telephone 713-779-3838
Fax 713-779-0636 |
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Chase
Address 9709 Bellaire Blvd.
Telephone 713-219-1688
Fax 713-219-1601
www.chase.com |
MetroBank
Address 9600 Bellaire Blvd., #101
Telephone 713-776-3876
Fax 713-414-3663
www.metrobank-na.com |
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American First National Bank
Address 9999 Bellaire Blvd.
Telephone 713-596-2888 |
Concord Bank
Address 6100 Corporate Dr.
Telephone 713-771-2828
Fax 713-771-3689 |
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Texas First National Bank
Address 9315 Bellaire Blvd
Telephone 713-777-3838
Fax 713-777-8049
www.tfnbank.com |
1ST International Bank
Address 6689 W Sam Houston Pkwy
Telephone 713-272-7700
Fax 713-272-0110 |
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Southwestern National Bank
Address 6901 Corporate Dr.
Telephone 713-771-9700
Fax 713-272-0110 |
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Home Equity Loan, Home Improvement Loan, Home Equity Line
of Credit |
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