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Home Equity Loans
 Do you need to tap into your home’s equity to pay for a home remodeling project, pay off a credit card debt or to take a long needed vacation?
A Bryant Financial home equity loan is a fixed or adjustable rate loan that is secured by the equity in your home. With a home equity loan, you borrow a lump sum of money to be paid back through time and built into mortgage payment.
The process and structure for a home equity loan is similar to your current mortgage. The closing costs are typically caped and lower than a refinance (often 2-3 percent of the loan amount) and, although the interest rate is higher on a home equity loan, the interest paid is tax deductible.
To qualify for second mortgage, your credit must be in good standing and you must be able to document your income. An appraisal will be required on your home to determine the home's market value.
For more information in securing a Home Equity loan please contact a Bryant Financial loan specialist direct at 281-860-7649 x.103 or contact us Online Today.
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