Cash-out refinance or home equity loan
You've worked on building the equity of your home. Now let your home work for you. If you are a homeowner, you can use the equity in your home to help finance major expenses, like remodeling or renovating your home.
This is achieved through a home equity loan, which uses your primary residence as collateral. And it offers solid benefits such as competitive rates and possible tax benefits that makes this loan worth considering.
Use your property’s equity, the value of your home, to consolidate and pay off other debts, and turn it into a single, manageable, lower rate interest repayment.
Achieving tax benefits
Your home equity loan may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
Making a big purchase
Use this loan for expenses like buying a car, paying for a wedding or higher education – things that may otherwise require a high interest rate loan.
Home equity loan calculators
Start your application online, give us a call or schedule an appointment
Applying for a home equity loan with TDECU is easy and convenient. Apply online, or download our TDECU Mortgage Simplified app to your mobile device from the app store! Prefer to discuss in person? Schedule an appointment with a Mortgage Advisor.Schedule Your Appointment