Home Equity Loans

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Home Equity Loan for Education

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Note:
Home Equity loans are credit-based products that use a percentage equity value of your home to secure the loan or credit line.

You can calculate your Loan-to-Value (LTV): click here

Product Recommendation

Note: Links below will connect to our affiliated site at YourEquity.com for product information.

Type:

Home Equity Line of Credit*

Term:

5 year draw period*

Use:

They grow up fast.

Only yesterday, it seems, they were learning to read. Now they will be packing the car for college. It's an exciting time for them. But for you, it's all about cost?

·  tuition and fees
·  books and lab fees
·  monthly housing and food
·  recreation
·  transportation
·  trip home for the holidays

We have a solution. Use the equity in your home to pay college expenses as they occur. And while you're at it:

·  fix up the empth room
·  consolidate some bills
·  finance your child's car
·  you decide: _____________

Why:

Using your home equity as a "College Educator" lets you finance college expenses and other projects as they occur.

Instead of borrowing the full amount for college, simply use your "home equity line of credit" to advance the funds you need.

You will pay interest only on the amount you borrow, which interest cost may be deducted from your taxes if you qualify. You won't find similar benefits with other college funding products. Consult your tax advisor for information — we have an effective interest table that illustrates your potential savings.

You can use the line whenever you need. It's like becoming your own banker. Simply advance money to pay for college expenses ... when you need ... as you need.

Apply Online

Home Equity Line Benefits:

·	open a line of credit up to your approved LTV level — calculate how much you can borrow

·	access your account as you need . . . when you need

·	pay minimum monthly payments or any additional amount when you have extra cash

·	pay down the account to zero with no prepayment charges and resuse the line over again up to your approved available balance

·	deduct interest charges from your taxes if you qualify — view your effective tax rate savings

·	get competitive adjustable rates as low as the PRIME RATE — see our rate page for information

·	benefits may vary by lending institution: view our summary notes of product features and terms

·	use our network to find a lender that charges zero application, closing and annual fees