A Home Equity Loan is a great way to take advantage of the equity you have established in your home. It allows you to borrow using your home's equity and offers the stability of fixed monthly payments. This type of loan works well for people looking to consolidate their debts or make home improvements. It can also be the least expensive way to refinance an existing first mortgage.
A Home Equity Loan from Spencer means:
• Terms available from 2 years - 30 years
• Fixed monthly payments that meet your budget
• No prepayment penalties
• Interest may be tax-deductible (consult with tax advisor)
