Home Equity Loan
Make the most of the built-up equity in your home to fund renovations, consolidate high-interest debt and much more. Call now to apply for home equity loan!
- Reputable team
- Hassle-free approval process
- A straightforward loan approval process
- A range of loan plans to suit your specific financial needs
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Why choose the professionals at Right Choice Mortgages?
- Reputable team
- Hassle-free approval process
- A straightforward loan approval process
- A range of loan plans to suit your specific financial needs
Why should one apply for a home equity loan?
Low-interest rates
The best and most important reason to apply for a home equity loan is that banks and other lenders approve loans based on the individual’s built-up equity in their house, and they are guaranteed the lowest interest rates when compared to other loan options. If you are riddled with credit card debt, you can utilize your property’s built-up home equity as mentioned above the rates are low and free from tax.
Low credit score
People whose credit score is not the greatest can still qualify for a home equity loan as opposed to other loan types. Borrowers that struggle to secure a loan with a low-interest rate should consider applying it.
Looking to borrow a large sum of money
If the borrower’s credit score is good and they are looking to take out a loan against their property’s valuation to secure funds, a home equity is a fantastic option.
You are eligible for a tax deduction
Another significant benefit of choosing a equity loan is that the interest you pay on the it can be tax-deferred. You have to check with the advisors at Right Choice Mortgages to find out more details.
Debt consolidation
If you are having a lot of high-interest repayments to make, you can take out a equity loan and save a considerable amount of money on interest, however, you must have a decent credit score. This will help in allowing you to consolidate your debt and pay off your debts easier and quicker.
Advantages of using Right Choice Mortgages to secure a home equity loan
- They give you the freedom to compare and shop for the correct financial solutions from different lenders across the country, as over time, they have built a sound relationship with them.
- We act as an intermediary between you (the borrower) and the lender. It makes paperwork less of a stress at the time of closing.
- We work on your behalf and ensure your best interests are looked after by helping you find the best possible interest rate and terms on your loan.
- You can count on our team to go above and beyond in identifying the ideal home equity loan to suit your specific needs. From application to approval, we will guide you through every step of the process.
If you have sufficient built-up equity in your house and are looking to apply for a equity loan, contact a member of our team today to schedule an appointment or for further details.