U.S. Bank | Home Equity FAQs

General Questions

What makes a home equity loan an attractive financing option?

Interest rates for home equity lines and loans are typically lower than for other forms of credit because your home is used as collateral - meaning the risk to a bank is less than with an unsecured loan. A lower rate means a lower cost to you -- and the interest you pay may be tax deductible as well. Consult your tax...

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5 things you need to know about home-equity loans ...

Published: Feb 25, 2014 7:29 a.m. ET

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KirkHaverkamp, Credit.com

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Home-equity lending is making something of a comeback. After being nearly shut down with the collapse of housing prices during the Great Recession, lenders are once again opening up their wallets and allowing people to borrow against the value of their homes.

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Equity loan - Wikipedia

In the UK an "Equity Loan" is the term used to describe additional borrowing, normally secured as a subsequent charge, as a top-up to the amount a home owner/purchaser can borrow from a main mortgage provider. Often used by builders to encourage house sales but now also used by the UK governments to assist purchasers who would otherwise be unable to buy with only a conventional main mortgage. In England such loans are managed on behalf of the government by the Homes & Communities Agency. Devolved governments have their own separate...

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Date: 2017-02-08 22:11:11
Website: https://en.wikipedia.org

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5 Things You Need to Know About Home Equity Loans

Published March 06, 2014

Print

(Reuters)

Home equity lending is making something of a comeback. After being nearly shut down with the collapse of housing prices during the Great Recession, lenders are once again opening up their wallets and allowing people to borrow against the value of their homes.�

Continue Reading Below

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Date: 2014-12-10 17:35:54
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Tip: Refinancing is not the only way to decrease the term of your mortgage. By paying a little extra on principal each month, you will pay off the loan sooner and reduce the term of your loan. For example, adding $50 each month to your principal payment on the 30-year loan above reduces the term by 3 years and saves you more than $27,000 in interest costs.

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© Bacho/Shutterstock.com

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Loan Calculator - Prudent Minds

How the calculator works

This calculator uses a standard compound interest amortization formula to help you calculate the interest payable on a loan over any period. It will calculate loan payments, tell you the total sum to be repaid and the total interest you will pay. You will need to provide the duration of the loan (in months), the amount you intend to borrow and the APR (annual percentage rate) for the calculator to work. Please note that quoted APR's are intended to include the full cost of credit including any admin fees or additional charges....

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Website: http://money-saving-calculators.prudentminds.com

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Personal Loans | Instant Online Personal Loan Quote ...

UK residents over 18 years old

with an income of at least £10,000 a year

with a good credit history, no previous County Court Judgments, Debt Relief Orders, Individual Voluntary Arrangements, defaults or bankruptcies

with a UK bank account in your name which accepts Direct Debits

Your address(es) with postcode for the past 2 years

Current employer's name and address, and how long you've...

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Website: http://ikano.co.uk

Related topics : uk secured loan / direct loan servicing payment / secured loan credit / loan secured / instant loans online uk