While it’s always important to carefully consider taking on a loan, sometimes a Home Equity Loan is the best way to finance a large purchase or project. This is especially true if the funds are used to add value to your home or achieve your dreams. A Home Equity Loan lets you borrow a lump sum, secured by the equity in your home with a fixed rate APR.
Home Improvements That Make Your Home More Comfortable: A new roof, heat and air conditioning, landscaping, or a kitchen renovation can make you love your home more. Whether you are planning a full home renovation or simply building a shop, a Home Equity Loan can help you finance your projects and add value to your home. Why move? Make your house into the home of your dreams.
Life Events: We have assisted members with adoption expenses, to pay for a child's wedding, and fund a college degree. No matter your reason, your home's equity offers you options. Life is full of events that may require funding. A Home Equity Loan can help with these large, once-in-a-lifetime costs, with a low fixed-rate and affordable monthly payments.
Financial Well-Being: Closing and paying off high rate credit cards and debt consolidation. If you are paying interest on credit cards, chances are those rates are over 20%. You could save thousands of dollars and end credit card stress by consolidating with a lower rate Home Equity Loan. The average annual percentage rate (APR) for credit cards where the user has a balance is 22.63% as of February 2024, according to the most recent numbers from the Federal Reserve. Improve your financial well-being by paying off and closing high rate credit cards.
Health costs: Dental expenses not covered by insurance, outstanding medical bills, etc.
No one plans for a root canal or heart surgery. When large medical bills arrive unexpectedly an option to consider is a Home Equity Loan. Rates are much lower than CARE CREDIT accounts offered by the doctors office billing.
Home Equity Loan Example Payments, Rates, Terms
Rates quoted as of 7-10-2024 and are subject to change at any time. Call 501-375-5321 for today's rates.
Loan Amount | Rate (APR)* | Loan Term (Years) | Payment Estimate |
$10,000 | 7.24% | 4 | $241.00 |
$30,000 | 7.64% | 5 | $604.00 |
$40,000 | 7.74% | 6 | $697.00 |
$50,000 | 7.74% | 7 | $774.00 |
$70,000 | 7.94% | 10 | $848.00 |
$90,000 | 8.24% | 15 | $873.00 |
For your personalized payment and terms quote, please contact us at Loans@Telcoe.com or call 501-375-5321.
*APR=Annual Percentage Rate. Actual APR based upon many factors evaluated at the time of application, which may include, among other factors, borrower’s credit history, loan terms, and any applicable administrative/processing fees. All loans are subject to credit review and approval.
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