Home Equity Loans offered by Lendability.com
Learn the Advantages and Disadvantages of each type of loan.
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Home Equity Loan Products Select from the products below. |
+ Advantages | - Disadvantages | Min/Max Loan Amounts | |
| We do not offer, nor do we believe in Negative Amoritization loans! | ||||
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HELOC Home Equity Line of Credit |
Only pay on the portion you use Fantastic for emergency reserves Great for projects / home improvement where you need the money in several installments |
Rate is adjustable and can change quickly and often Interest is calculated daily as opposed to monthly |
Minimum Loan $15,000 Maximum Loan $250,000 |
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| Home Equity Loan |
Rate is fixed and will not change during the term of the loan Offers the security of a set monthly payment that never changes |
Pay on entire loan amount When you want to raise your loan amount, you will need to refinance |
Minimum Loan $10,000 Maximum Loan $250,000 |
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If you would like to speak with a Lendability.com qualified advisor please call 1.877.552.2454
