Home Equity Loans in Action

When Billy Nichols decided to make some improvements to his house last year, he turned to AMPLIFY for a home equity loan.

“We did some major renovations to the house,” Billy says.  “We closed in the garage, added on to the house, did some siding work, and bought some new appliances.”   With a smile, he adds, “I was told all that work would take about six months to finish – but it was actually about a year.”

What didn’t take a long time was applying for and receiving the home equity loan from AMPLIFY. “The process didn’t take much time at all,” Billy says.  “I think the longest I had to spend in the branch was for the signing of the final paperwork.  Everything went very quickly.”

When Billy took out the home equity loan, he consolidated some other bills at the same time.  “I’d been reading about using a home equity loan to pay off other bills and decided to check into it,” he explains.  “I’d gotten some notices that interest rates were going to increase, and I decided this was a good move for us.”   The consolidation lowered monthly expenses for Billy and his wife, Annette.   “That’s been a real relief,” Billy says.

Billy and his family are long-time members of AMPLIFY.  “I recommended AMPLIFY to a woman I work with when she mentioned that she was thinking about a home equity loan,” Billy says.  “The interest rate is good, everything was explained very clearly, and there were no surprises.”