Home Equity Loans
Apply for a home equity loan today
A home equity loan is a great solution when you need a specific amount of money – for tuition, home projects, debt consolidation and more. Home equity loans give you a low fixed interest rate, so your monthly payments stay consistent.
Home equity loan features
Home equity loans are a great way to finance upcoming expenses. You’ll get a lump-sum payment with a fixed interest rate. Then you can use the money for house projects, tuition, debt consolidation, medical expenses and more.
A low home equity loan rate is just one of the features you’ll enjoy when you choose Nationwide Bank®. We also offer the flexibility and service that you want.
*APR refers to Annual Percentage Rate. APR effective as of 5/1/2013 and subject to change.
Disclosed Annual Percentage Rate (APR) is available for applicant’s with
excellent credit. All loans are subject to approval and your
individual APR may vary based on your creditworthiness and loan to value.
Total line of credit is calculated based on appraisal value of your home,
not to exceed 80% of the appraised value of the property minus any
existing mortgage balances.
1 Up to $750 in closing costs, which include appraisal fees, will be waived upon closing. Closing costs are typically less than $750 unless property is located in MD, SC, NY and FL. MD, SC, NY and FL customers will be responsible for additional tax assessments over $750, which can be estimated between $750 and $6,000. If the home equity loan or line is paid off or closed in the first 24 months, you will pay Nationwide Bank $300.
2 Please consult your tax advisor regarding the deductibility of interest of your home equity line of credit.
Debt Consolidation Information: The amount of savings realized with debt consolidation varies by loan. If you consolidate other bills, and make only the minimum payment on the equity line, there may not be a savings over the entire term of the equity line since the equity line typically has a longer term than the bills being consolidated. Federally Guaranteed Student Loans should not be considered because you will lose important federal benefits. Insurance must be carried on the real property securing the account, and flood insurance must be carried if the structure on the real property is located in a Special Flood Hazard Area.
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