The equity in your home can be a great way to finish projects or pay off debt.
Houston-area home values increased 20% over the past year*, and your equity likely increased with it. With lower rates than most personal loans, tapping into Home Equity may be the smartest way to fund your goals this year.
We offer 3 ways to borrow from your home's equity: Home Equity Line of Credit, Cash-Out Refinance, and Texas Home Improvement Loan.
A Home Equity Line of Credit allows you to draw funds as needed for any purpose. Funds are replenished as you pay down your balance. A good option if you have more than 20% equity in your home and want quick access to your money.
A Cash-out Refinance (1st lien Home Equity Loan) creates a new mortgage and lets you borrow more than you owe, keeping the difference as cash (one lump sum). Use your funds for anything and enjoy the low rates with a Home Equity Loan!
From mid-size repairs to total renovation, a Home Improvement Loan can take your Texas property to a new level! Must hire a licensed contractor and be at least 30 days from the start of your project when applying for this loan.
Finance up to 90% of your home's value. To estimate, take your home's tax-assessed value plus 75% of the cost for improvements x .90 minus your remaining mortgage balance. This is how much you may be able to borrow based on your available equity.
If you need funds, but don't know which loan to choose, we are here to walk you through all of your options to choose what's best for you!
If you would like to speak to a Home Equity or Mortgage Specialist immediately, call us at 713-407-1830.
Don't know where to start? Complete a short form and get the ball rolling!