HOME EQUITY LOAN FEATURES
| A simple installment loan
-
Fixed rate installment loan that lets you access the available equity in your home
-
Terms of 5, 10, 15, and 20 years available
-
No prepayment penalties for paying early or extra toward principal
-
Funds available four (4) business days after closing
-
Local, personal service and multiple locations across Austin, Round Rock, and Cedar Park
Help Me Choose!
Did you know that Amplify also offers great alternatives to Home Equity Loans? Use this tool to help decide between a Home Equity Loan or our Homeowner Express Loan.
HOME EQUITY CALCULATORS
| Crunch numbers before you apply
These calculators are for illustrative purposes only, and are based on information provided by the user. Accuracy is not guaranteed. All loans are subject to
approval. Your actual APR (“Rates”) and terms may vary. For Home Equity Loan calculations, the monthly payment calculations reflect only principal and interest, and amounts for taxes and insurance, if applicable, may
increase your actual payment. The calculators will display results based on the currently available Rate and/or loan terms. For Home Equity Line of Credit calculations, the draw period payment is interest-only payment, while the Repayment period payment includes both principal and
interest. The calculators will display results based on the currently available APR and/or loan terms.
HOME EQUITY LOAN RATES
| Save money with Amplify
Rates Effective as of March 12, 2018
| Credit Score |
60 Months
APR1 |
120 Months
APR1 |
180 Months
APR1 |
240 Months
APR1 |
| 780 + |
3.49% |
4.27% |
4.30% |
5.30% |
| 730 - 779 |
3.89% |
4.83% |
5.05% |
5.54% |
| 680 - 729 |
4.40% |
5.72% |
5.82% |
6.05% |
| 640 - 679 |
5.42% |
6.73% |
7.33% |
8.33% |
| 600 - 639 |
7.46% |
7.87% |
7.84% |
- |
IDEAL USES FOR HOME EQUITY
| Make the most of your biggest asset
Home Improvement
Many homeowners use their home equity for home improvements such as solar panel purchase and installation, swimming pool installation or repair, landscaping, renovations, new roof, or even room add-ons.
Loan Consolidation
Many people find it easier to consolidate their loans into a single, fixed rate loan with one monthly payment instead of making multiple, higher-interest payments to multiple lenders each month.
Other Common Home Equity Uses
Using home equity to finance large expenses such as school tuition, medical costs, new furniture, new appliances, or even a second home or investment property is a great way to get a low, fixed interest rate.
TIPS FOR HOME EQUITY SUCCESS
| Because your Home Equity success is ours
Renovation Revolution
Finding yourself short of funds to make renovations to your home? Here are 11 tips on home renovations that won't break the bank or your budget.
Increase Your Home's Value
Thinking about remodeling your home? We recommend starting with a kitchen and bathroom remodel.
Tiny Home Improvements
Not every home improvement project you plan needs to break your budget. Here are some weekend home improvement projects!
Make Your Dreams A Reality
From financing big projects to paying for unexpected expenses, read about common home equity loan uses here.
1. APR is Annual Percentage Rate. Loans Subject to approval. Combined Loan-to-Value (CLTV) cannot exceed 80% of your home’s value. Interest on your Home Equity loan
may be tax-deductible – please consult your tax advisor regarding the deductibility of interest for details. Property Insurance, including flood insurance as needed, is
required to be maintained by the borrower. Additional terms, conditions, and restrictions may apply. Amplify Membership required. Federally insured by NCUA.
2. 'Rated Top 10 in Austin' is based on a recent market survey.