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Home Equity

Buy, Build, or Remodel with the eagle

Use the equity in your home to finance remodeling, consolidate debt, or even pay for college. Home equity financing can be set up as a loan or a line of credit. With a Home Equity Loan, U.S. Eagle would advance you the total loan amount upfront. A Home Equity Line of Credit, or HELOC, provides a source of funds that you draw on as needed. Both products have low rates and no up-front costs.

Home Equity Loan

For large, one-time expenses, a home equity loan may be your best option. A Home Equity Loan is typically a second mortgage, and allows the home owner to borrow cash in exchange for equity that has built up in the home. With a Home Equity Loan, you receive one lump sum and make fixed monthly payments on that amount for the length of the term.

Home Equity Line of Credit (HELOC)

A HELOC is a good choice if you have a series of projects and want to secure access to credit upfront without starting to pay interest until you actually use it. A HELOC is also ideal if you anticipate a need for borrowing against home equity in the months ahead, but want to lock in today’s favorable interest rate terms.

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