Remodel With A Home Equity Loan From Countrywide
Many homeowners, who are short on cash and have a long list of home improvement projects, remodel using the funds from a home equity loan. Home equity loans can help homeowners access the available equity in their home to finance their remodeling needs.
Key Benefits of a Home Equity Loan:
- Offers an interest rate and a monthly payment that will not change
- You’ll know the exact date when your loan will be paid off
- Typically offers lower interest rate than credit cards and other types of personal loans
- In most cases, the interest is tax deductible
|
|
Home Equity Loan Options
 |
|
|
|
How it works:
- Interest rate: Fixed
- You get the money all at once
- Monthly payment stays the same over the life of the loan
|
How it works:
- Interest rate: Variable
- Similar to credit card, borrow what you need, when you need it, and pay interest only on what you borrow
- During the 5 to 10 year draw period, you have the option to pay interest only. Once the draw period ends, payments will include principal and interest.
|
Reasons to Choose it:
- You know exactly how much you’ll need for your home improvement project
- You want fixed payments and longer stretch of time to repay the loan
- Low payment options are available through a variety of terms
|
Reasons to Choose it:
- You anticipate your expenses to be spread over time
- You’ll pay interest only on the amount you borrow
- Provides convenient access to cash for unexpected home improvement expenses
|
|
Learn more about home equity loan Call Now! 1-800-909-8217
|
Learn more about home equity line of credit Call Now! 1-800-909-8217
|
|
Equal Housing Lender. ©2008 Countrywide Bank, FSB, Full Spectrum Lending Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or subsidiaries.