Loans

Loan Information, Consolidation, and Calculators

Equity Loan Calculator

Written By: admin - Feb• 13•13

How Much Can You Borrow From Your Home? Find Out With Our Handy Equity Loan Calculator!

Home equity loans are very nice to have when you have a large purchase that you need money for. They’re also good for debt consolidation, purchasing a vehicle, paying for a class or two at college, etc. Our equity loan calculator will show you how much you can get out of your home.

Any benefits?

One of the benefits of a home equity loan is that the interest is usually a write off come tax time. So, even though you may carry a balance on the loan and pay interest, having this type of loan will likely decrease your tax burden.

A word of caution is to not request an amount that is so large that you’ll have trouble paying it back. These types of loans use your home as collateral. If you fail to make payments on time, you could end up losing your house!

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