Home equity loans allow homeowners to tap into their home’s built-in value to finance important projects and purchases, from paying college tuition to paying off credit card debt. With today’s low interest rates, an increasing number of Portland residents are taking advantage of home equity loans’ financial savings to pay for large expenses and achieve their financial goals.
Advantages of Home Equity Loans
- Major Purchases Possible Portland homeowners can use home equity loans to pay for a variety of important and pressing expenses. Whether you want to upgrade areas of your home, add curb appeal, or begin a major home expansion, you can reinvest your accumulated equity back into your property, not only improving your quality of life but also increasing your home’s resale value. With college tuitions rising each year, home equity loans ensure that you are still able to finance a degree without breaking the bank. While home renovations and college costs are popular uses for home equity loans, they can also be used to buy a vehicle, start a business, or purchase furniture.
- Streamlined Loan Process The home equity loan approval process is simpler and quicker than that of other loan options, allowing Portland homeowners to get the financing they need faster.
- Fixed, Low Interest Rates With interest rates near all-time lows, Portland homeowners can capitalize on your home’s equity while still maintaining a low monthly mortgage payment.
Home Equity Loans with Golden Oak Lending Portland
With a home equity loan, Portland homeowners will enjoy affordable repayment options and flexible terms at a great low rate, so you can get the most from your home. Our mortgage experts are here to help you and will work with you from underwriting to closing to provide you with the best customer service and terms that fit your specific needs and goals. Contact us today at our local Portland office to learn more about the power of a home equity loan!