Select from various Home Equity Loan Programs. See for yourself how
Easy Getting Home Equity Loans can be! Consolidate your debt and save!
Home Equity Loans can be an good source of funds for many reasons:
Tax deductible interest
No change in your existing first mortgage
Low interest rates
No mortgage insurance is required
Use the loan for any purpose
A home equity loan offers a fixed rate, fully amortized loan with a choice of terms from 5 to
20 years. The payments remain constant for the life of the loan.
Home equity loans are
placed in second position on your property title, and will not change the terms of your existing first mortgage, so if you
currently have a low rate on your existing mortgage, it will remain the same. If you have an existing equity loan, it must be
paid off with the new loan.
The interest on a home equity loan may be tax deductible.
The current deduction is for loans up to $100,000 with a maximum 100% of value, unless the loan is used for home improvement.
If you are considering a home equity loan to pay off credit cards, there are three ways you
could save money. Reducing your interest rates, converting compound interest into a simple interest loan, and converting the
non-deductible interest into a new tax write off.
For homeowners with little or no
equity, many lenders have loans available up to 100% of the value of your home, and if more is needed, there are second
mortgages available up to 125% of value.
Get a
FREE QUOTE
on a home equity loan. Visit the websites of these Idaho Mortgage Brokers for
more information.
If you are an Idaho mortgage broker who offers home equity loans and would like to be listed on this website, please send us
an e-mail. Be sure to include your name, company name, & website address.
