Home Equity Loans Designed for Your Every Need
What home loan fits your needs?
|Home Equity Loans
Additional Home Equity Loan Services
The Best Home Equity Loan Rates
At One Nevada Credit Union, we believe your credit is just one part of the equation. We look at your whole financial situation before making a loan offer.
- Fixed equity loan rates
- No additional annual fees
- Potential tax advantages
Does an Equity Loan Make Sense?
Home Equity Loans FAQs
- Should I refinance or get a home equity loan?
That depends on the terms of your original mortgage. A refinance might save you more money over time and still let you access equity if your home value has increased and your original mortgage had excellent terms.
- Should I consider a home equity line of credit instead?
A home equity line of credit, or HELOC, isn’t a traditional home equity loan with a fixed principal and fixed payment. Instead, it lets you use the value of your home as a credit line, paying it as needed.
- How much will a home equity loan cost me?
The cost of your home equity loan will depend on how much you borrow against your home’s value and factors like your credit score and loan-to-value (LTV) ratio. Interest becomes higher as the ratio increases. Calculate your costs.
- Can I use equity as a second home down payment?
Using home equity loan proceeds as a down payment is doubtful. An original mortgage payment plus a home equity loan payment makes for a high debt-to-income (DTI) ratio. A new purchase loan might be possible if your home is paid for.
- Can I use a home equity loan to buy a car?
You can use your home equity loan funds for whatever you want. However, depending on the interest rate and loan term, applying for a new or used auto loan might make more sense. Review all your options.
Home Equity Loan rates and payments are determined by individual credit standing and appraisal value. Please call for complete details and the most current rates.
Consult your tax advisor regarding the deductibility of interest.
We do business per the Federal Fair Housing Law and Equal Credit Opportunity Act.
APR = Annual Percentage Rate and is listed "as low as." Mortgage rates excluded; call for APR. APRs can increase after the loan consummation if the loan terms allow an APR to increase.