Put Your Home To Work By Tapping Into Your Equity
You’ve paid into your home for years – make it do something extra for you now.
Securing a low-interest home equity loan enables you a flexible way to achieve your financial goals. Choose to reduce high-interest credit cards, take a vacation, reinvest in your home, pay college tuition, and much more.
Access the equity you’ve worked so hard to build and put it towards other aspects of your future.
- A competitive rate that beats credit card interest rates
- Easy application gets you same day pre-qualification
- Get your project underway faster with fast closing
WHAT IS A HOME EQUITY LOAN?
Equity is the amount of available value in your home after you deduct your existing loan. For example, if your home is worth $250,000, and you owe $175,000, you may have as much as $75,000 in home equity. Much of that is available to you in the form of a home equity loan.
Home equity loans are backed by the security of your home. That’s why the interest rates tend to be a fraction of what you would pay for a personal loan or a credit card.
Once you’re approved, you’ll get a lump sum payment – it’s your money to use as you see fit. You’ll make a monthly payment on the loan going forward. The term is set, as is the monthly payment amount.
Our members know the value of a multipurpose home equity loan.
“After speaking to a loan officer from GHS, I learned I qualified for a $17,000 home equity loan. I refinanced my credit card debt using it, dropping the interest rates from as high as 21% down to under 3%. This is saving me thousands over the lifetime of these loans. Even better, I had enough available in my home equity loan to help me to update my home’s bathroom! I’m thrilled at how easy this was!” – Abigail F.
APPLYING FOR A HOME EQUITY LOAN
To apply for a home equity loan, complete our online application. Our team will contact you, gather your personal information, proof of your income, and then work to verify the value of your home. Within the same day, we can pre-qualify you for a loan. It can be processed quickly, so you get money in hand fast.
HOME EQUITY LOAN FREQUENTLY ASKED QUESTIONS
Our team is always available to provide resources and support as you decide if a home equity loan is right for you. Here are some commonly asked questions that may help you in the meantime.
DO I NEED TO TELL MY LENDER WHAT I WANT TO DO WITH THE FUNDS?
Home equity loans provide you with a great deal of flexibility. In most cases, you don’t have to share with us how you plan to use the funds.
CAN I USE THE FUNDS TO START A BUSINESS?
Home equity loans can support your new business venture. It may be a good way for you to secure a low-interest rate loan, one that typically beats most personal loans and credit cards.
ARE HOME EQUITY LOANS TAX DEDUCTIBLE?
The interest rate on these loans is usually tax-deductible, but be sure to check with your tax professional to verify this in your case.
DISCOVER OPPORTUNITY THROUGH HOME EQUITY LOANS
Accessibility and flexibility are two primary reasons why home equity loans are a popular way to tap into the equity in your home.
At GHS, we offer home equity loans featuring same-day prequalification, competitive rates, fast closing, and more. Let us help you decide if a home equity loan is right for you.