Home Equity Loan

Home Equity Loan is a loan you may use for any purpose you want.

If you’re a homeowner in need of money, and have accumulated equity in your Polish property, you may be able to convert this equity into cash. People choose to draw on their home equity because loan rates are significantly lower than other types of borrowing, like personal loans or credit cards.

How much can you borrow?

Most lenders will allow you to borrow up to 70 - 80% of the home's total value.

Benefits for Consumers

Home-equity loans provide an easy source of cash. The interest rate on a home-equity loan - although higher than that of a first mortgage - is much lower than on credit cards and other consumer loans.

Debt Consolidation Mortgage

High interest debt on credit cards, auto loans, or other consumer loans can be difficult to pay off and may create a barrier to your financial goals. However, if you’re a homeowner, you have additional options to help you manage your debt, including a debt consolidation mortgage.

By consolidating your debts into a home equity loan, you’ll have the convenience of one consolidated payment rather than having several bills from different creditors. This makes bill payments more manageable and the rate is usually lower, helping you pay off your debts sooner.

Benefits of debt consolidation mortgages:

• Interest rates on mortgages are often much lower than those on credit cards and consumer loans
• Making a single payment to your debt consolidation mortgage is much easier than making multiple payments to credit cards and other lenders

Imagine finding an extra twenty dollars in your pocket every day! You'll save hundreds of dollars every month by consolidating those high-interest credit card balances, car loans, and other costly debts into one new low-interest home loan with one monthly payment.