The equity in your home can help you pay a lower interest rate for your projects and expenses. Choose a home equity loan for a lump-sum payment or a home equity line of credit to take out money as you need it.
A home equity loan or line of credit can help you finance current or upcoming expenses, such as home projects, debt consolidation, education expenses, medical costs and new car financing.
Compare home equity loan and line of credit rates and features to get a better understanding of which financing option is right for you.
Nationwide Bank NMLS #769318. To verify that a mortgage company or individual is authorized to conduct business in your state, visit the NMLS Consumer Access website.
Debt Consolidation Information: The amount of savings realized with debt consolidation varies by loan. If you consolidate other bills, and make only the minimum payment on the equity line, there may not be a savings over the entire term of the equity line since the equity line typically has a longer term than the bills being consolidated. Federally Guaranteed Student Loans should not be considered because you will lose important federal benefits. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a Special Flood Hazard Area.
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