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      January 19, 2018

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Best Home

Equity Loans

  1. Smart Quote
  2. The Easy Loan Site
  3. Lower My Bills

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Best Home Equity Loans

A home equity loan is a popular strategy for home owners that want to use the equity in their homes to create cash in their pockets. Home equity loans are typically used for home improvements, to pay off debt, make a large purchase, send a child to college, and much more.

A home equity loan can mean your existing loan is refinanced or a second loan can be assumed. Determining which move makes better financial sense, refinancing or a second loan, is dependent on several factors such as your current mortgage loan terms and which banks are willing to offer you a home equity loan given your creditworthiness. Before you call your current mortgage lender to discuss a home equity loan, you should consider shopping around for the best home equity loan rates. This can mean saving several thousands of dollars in interest and mortgage payments over the life of the loan.

Continue reading below reviews

2018

Home Equity Loan Reviews

5 stars
LendingTree

LENDINGTREETopConsumerReviews.com Best-In-Class Blue Ribbon Award

LendingTree has built a website that caters to the home equity loan customer. You can quickly find several lenders that offer the most competitive home equity loan rates for your needs. The number of home equity lender relationships, the helpful tools, the professionalism, and additional services all make LendingTree stand ahead of the competition.
Read More... Visit
Site

3.5 stars
Smart Quote

SMART QUOTE

Smart Quote is newer to the home equity loan market. They provide generalized home equity loan option information to visitors, but they also require more time and additional steps than some of the other companies.
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Site

2.5 stars
The Easy Loan Site

THE EASY LOAN SITE

The Easy Loan Site matches prospective clients with various home equity loan lenders. Searching for a home equity loan is rather straightforward at The Easy Loan Site but, the website lacks the resources and education of those companies ranked higher. Read More... Visit
Site

1 star
Lower My Bills

LOWER MY BILLS

Lower My Bills doesn't provide as promised. After taking the time to share rather personal information we received four links to more websites where we had to start the inquiry process all over. Lower My Bills left us in the dark and wondering what they did with our personal information.
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Site

Continued from above

The best home equity loans may be found online from mortgage companies and banks that offer the most competitive rates available in the market. A few home equity loan companies even offer a mortgage broker like service that helps customers find the best loan, with the lowest interest rates terms.

Before jumping on the internet to search for your next home equity loan you should consider the following:

  • Loan Application. What are the steps required to begin the home equity loan search?
  • Selection. How many banks does the company work with to find you the best home equity loan rate?
  • History. Does the home equity loan company have a solid reputation that you can feel good about?

TopConsumerReviews.com has reviewed and ranked the best Home Equity Loan providers available today. We hope these reviews help you find the right home equity loan for your needs!

Acquisition And Home Equity Mortgage Interest Tax Deductibility After TCJA

The "American Dream" has long included the opportunity to own your own home, which the Federal government incentivizes and partially subsidizes by offering a tax deduction for mortgage interest. To the extent that the taxpayer itemizes their deductions ...

Published:  Wed, 17 Jan 2018 08:36:00 GMT



Tax changes may take the shine off home equity loans

One of the big changes in the tax measure President Trump signed last month could make it less attractive for homeowners to borrow against their properties to fund fix-up projects, pay off credit cards or buy a new car. For decades, home equity loans have ...

Published:  Sun, 14 Jan 2018 18:53:00 GMT



4 things consumers should think about before financing a home improvement

... s selling price by $5,400 There are many reasons why personal loans may be more attractive, even if they carry higher interest rates. They aren't secured by property like home equity loans are. The rate on personal loans is typically fixed, unlike ...

Published:  Thu, 18 Jan 2018 07:25:00 GMT



India's New Subprime Home Loan Problem

A large part of this lending was home loans and home-equity loans. Gradually, bigger banks and financial institutions became involved in this lending. This lending to cash-strapped Americans came to be known as subprime lending. The word "prime" is ...

Published:  Thu, 18 Jan 2018 13:28:00 GMT



5 reasons to spend your home equity (with caution)

Borrowing against the equity in your home can often be a good way to get access to cash quickly. You have several loan options, such as a cash-out refinance, home equity loan or home equity line of credit (HELOC), but you need to have a good reason for ...

Published:  Mon, 15 Jan 2018 06:58:00 GMT



Capital One consumer direct lending team finds new home at Flagstar

When Capital One suddenly announced last year that it planned to exit its mortgage and home equity originations business, not much was known about what would happen to the more than 900 employees that would be laid off as a result of Capital One's decision.

Published:  Thu, 18 Jan 2018 13:58:00 GMT



Ask the Expert: Can I finance the cost of my home renovation into my mortgage

these include FHA 203(k), FNMA HomeStyle(r), Construction-to-Permanent (also known as a C/P loan), or Home Equity. These loans typically include all of the costs of minor and major repairs, additions and renovations, plus the purchase price or existing ...

Published:  Thu, 18 Jan 2018 01:44:00 GMT



Tax law alters approach to home equity interest

This is so even for debt incurred before the law change. Many people with home equity loans will be surprised to learn that the rules changed after they had incurred the debt. Let's now discuss what a taxpayer with an existing home equity loan may do to ...

Published:  Sun, 14 Jan 2018 23:44:00 GMT



Goldman Sachs to offer home improvement loans

They are non-secured personal loans with interest rates lower than credit cards but higher than cheaper forms of home financing like home equity lines of credit, commonly referred to as a HELOC. Goldman executives believe the ability to quickly finance up ...

Published:  Mon, 15 Jan 2018 09:27:00 GMT



How to Get a SunTrust Mortgage

You can also use SunTrust home loans for a cash-out refinance, which enables you to use your home's equity for a major expenditure or investment opportunity. Headquartered in Atlanta, SunTrust has branches throughout the Southeast and mid-Atlantic states ...

Published:  Tue, 16 Jan 2018 12:08:00 GMT



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