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Need an equity loan?
Do
you dream of sending your kids to college, of having your own business,
or of designing the addition you've always wanted? You may also want
to express your creativity with a remodeled kitchen or living room,
transforming it into your ideal welcoming environment. Your goals
may also include finally buying big-ticket items like a boat, RV,
or taking your dream vacation. Or you could just want to eliminate
all your personal debt from credit cards and consolidate it to save
in interest.
You can use your home-equity loan to make home and remember; improvements
that add value to your home (like a swimming pool or new roof) are
called "capital improvements". For more information about
home improvement tax benefits, check with your tax advisor.
What is a home-equity loan?
With a home-equity loan, you borrow against the equity in your house.
This is commonly called a "second mortgage." Equity is
the difference between what you owe on your home and the market
value of it. So if your home is worth $250,000 and your outstanding
mortgage is $100,000, your equity is $150,000.
Let our experts help you explore your options
Home-equity loans have special terms and our SLM Financial Corporation professionals
are experts in helping you choose a loan with terms that are right
for you. Generally, you receive a lump sum and pay it back in monthly
installments with a fixed interest rate over a fixed term, usually
10-20 years.
SLM Financial Corporation makes it easier to achieve your dreams with home-equity
loans!
Complete our pre-approval form now.
You'll receive an answer within 48 hours-it's that easy! Or call
800/SLM-5510 (756-5510) for more information and advice from our
helpful professionals.
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