More information of Home Equity Loan
First of all, we can tell you that the Discover Bank home equity loan is a highly valued product. This is because it offers you fixed and low interest rates, is free of the most common fees and offers you a team of mortgage experts that will assist you 24/7.
Unlike a HELOC, with this type of loan you receive a certain amount of money all at once and you can use it as you prefer.
This means that you can use it to buy a car, go on vacation, repair or remodel your home, renovate your appliances, pay off debts or whatever you can think of.
This Discover Bank home equity loan works like a mortgage. This means you have 10 to 30 years to pay, the interest rate and APR are fixed, and the monthly payments will always be the same. In the best case, the interest on this loan can be deducted from your taxes.
At first glance, you can see that this financing has a series of advantages that you will not get in other traditional banks. However, at Busconómico we always recommend that you research the best options on the market so that you can make an informed decision about the management of your personal finances.
Español: Préstamo con garantía hipotecaria de Discover Bank