Home Equity Loan Services Review

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Why Get a Home Equity Loan?

Choosing a home equity loan services company is a big decision. It’s important to compare companies to ensure that you’re making the best decision when it comes to which company you’ll choose and which loan type you’ll apply for. There are a number of great home equity loan companies that offer numerous features, great customer service, and exceptional benefits. Just a few of these companies include:

These companies, along with several others, offer great basic services as well as great benefits. By comparing the different features and benefits, you’ll have the information you need to choose. In fact, we’ve already created a comparison of the top home equity loan companies for you. The comparison includes the similarities and differences of these companies. Many of them exceeded our expectations while many others fell far below our standards for a good home equity loan company.

You can use this information to your benefit, to ensure that you’re getting the best company available. Not only will this save you a large amount of time because you don’t have to research them yourself, but the comparisons include specific information such as loan repayment terms, the amount you can borrow, whether or not you will pay closing costs and much more. The information is organized and easy to read so that it’s simple to tell which company would be best for your home equity mortgage and your unique financial situation.

What to Look for in Home Equity Loan Services Companies

When you’re considering a home equity loan company, it’s important to do a lot of research and obtain a lot of information. Doing so can help you choose a great company and a home equity line of credit that is adequate for your needs. There are many different things to consider when you’re searching for a home equity loan company, including:

Features
From home equity loan calculators that help you determine what your monthly payments will be to home equity loan advice, it’s very important to determine what kinds of features each company offers. One of the first things you should look for is a secure site. A secure site will protect the information you enter into the online application including social security numbers, bank account numbers and other personal information. Be wary of a company that doesn’t offer a good amount of information and those that don’t have several methods of customer service.

Customer Service
Most companies that offer home equity lines offer several different methods you can use to get in contact with them – from telephone numbers and email addresses to online chat. They can also answer your questions with information available on a blog or in a frequently asked questions section. It’s important that the company you choose at least offers two to three different ways to have your questions answered and your concerns addressed.

Additional Loan Types
While you may only be in the market for a home equity line at the time you choose your company, it’s important to think of future needs. Try to choose a company that offers a good number of additional loans – from personal loans to debt consolidation loans or student loans. It’s more convenient to be able to rely on one company for all of your loans. Determine whether the company you’re considering offers additional loans and what types they offer.

Fees and Payments
While the fees for your home equity credit line will largely depend upon your credit rating, different companies do offer different rates. Check to see if the company offers a rate comparison chart so you’ll be able to see what you’re saving (if anything). Check the repayment terms, the amount you’re entitled to borrow and whether or not you can receive a tax deduction. If you’re unable to find the information online, you can call the company to ask questions. However, most companies list these things on their websites.

Overall, it’s important to compare several different companies that offer home equity loan services to determine which offers the most benefits and the best fees and repayment plans. This will give you the information you need to make a wise choice. Be sure to take a look at our articles on home equity loans. At TopTenREVIEWS We Do the Research So You Don't Have To. ™

 
 
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Features
Home Equity Calculator
 
Home Equity Line of Credit
Lump Sum Payout
Secured Site
Home Equity Advice
 
 
   
View Account Online
 
Online Enrollment
Rate Comparison Table  
  
Yes but limited to only a few states  
 
Available Mortgage
Fixed Rate
Adjustable Rate
Hybrid Mortgage (combination)  
        
Jumbo Loan (non conforming loan)
 
 
 
Fees/Amounts
Closing Fee   
  No for $500,000 or less No Info   No Info   No info
Repayment 10 - 20 years 5,10,15,20, or 30 Years 5-30 years 30 Years 25 Years Up to 30 Years No Info 30 Years 5-30 Years No info
Amount you can borrow 100% of equity, some 125% home value $25,000.00 - $500,000.00 $10,000.00 - $500,000.00 Up to $500,000 (up to $1,000,000 in California) $10,000.00 - $500,000.00 $5,000.00 - $150,000.00 Up to $250,000.00 89.9% of home's value 80% loan-to-value No info
Tax Deductibility
Possible/Consult
Consult
Consult
Fixed Rate
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Additional Loan Types
Mortgage Home Loans
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Reverse Mortgage
 
 
   
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