A Home Equity Loan allows homeowners to borrow a lump sum at a fixed rate, leveraging their home’s value for a variety of financial needs.
A Home Equity Loan is an excellent option for homeowners looking to access a lump sum of money using the equity they’ve built in their property. With fixed interest rates and predictable monthly payments, it provides financial stability while helping you achieve your goals. Whether you’re planning a major renovation, consolidating high-interest debt, or covering significant life expenses, a Home Equity Loan offers a reliable and straightforward financing solution.
One of the standout features of a Home Equity Loan is its fixed-rate structure, which ensures consistent payments throughout the loan term. This makes budgeting easier and eliminates surprises from fluctuating rates. Unlike HELOCs, which function as revolving credit, a Home Equity Loan provides the full loan amount upfront, making it ideal for large, one-time expenses. Additionally, the interest may be tax-deductible for certain uses, such as home improvements, adding further financial advantages.
At Cascade Home Loans, we make it easy to access the value in your home. Our team guides you through the Home Equity Loan process, ensuring you understand your options and select terms that align with your needs. From determining your borrowing capacity to closing the loan, we provide expert support every step of the way, so you can unlock the potential of your home with confidence.
Apply for your loan without worrying about upfront application costs, so you can focus on finding the right home and financing solution.
Homeowners with sufficient equity in their property and a good credit profile typically qualify.
The loan amount is based on a percentage of your home’s appraised value, minus any existing mortgage balance.
A Home Equity Loan provides a lump sum at a fixed rate, while a HELOC offers a revolving line of credit with variable rates.
Interest on a Home Equity Loan may be tax-deductible if the funds are used for home improvements. Consult a tax advisor for specifics.
Payments are fixed, with consistent monthly amounts that cover both principal and interest.
Yes, a Home Equity Loan can be used for various financial needs, including education, debt consolidation, or major purchases.
Don’t just take our word for it
Matt is a pleasure to work with. He helped me through every part of the home buying process answering any and all of my questions along the way. He is hard working, timely, and easy to understand. I would recommend him!
Andrew was a dream to work with. I had a complicated situation and he was there to help me throughout the whole process. He was extremely helpful with all of the difficult situations that came his way. I would not hesitate to recommend him to anyone.
We closed on the house in less than 28 days and this was the first time we ever applied for a loan( FHA). Working with Andrew was literally a breeze. He was very responsive and connected us with anyone we may need during the entire loan process. He was honest, thoughtful, and helpful each step of the way and made the entire process so smooth. Can’t recommend him enough!
Trying to buy a house in a red-hot market is a challenge; having Andrew on the finance side made everything so much easier. We made offers on several properties and every time Andrew was able to provide an approval letter immediately. When we finally had an offer accepted, he made the process clear and simple, and most importantly FAST. We would definitely recommend Andrew to anyone looking for financing.
Andrew stayed on top of everything and made the process very easy, under 2 weeks from submission to clear to close. I would absolutely recommend him to anyone in the future.
From the first contact “let me pull over I am driving and I will have a quote for you”: which only took about 25 mins max to today, the day of closing it has been little more than 31/2 weeks and it is all because of Andrew’s undivided attention, availability and determination. A pleasure to work with highly recommended!
It was a pleasure working with Andrew in both shopping for a mortgage and then completing the mortgage application and closing process. He was professional and very easy to work with…open to talk at any time and answer any questions…right up to the closing. He was even present at the closing to again field any questions and ensure the closing went as expected. I highly recommend Andrew to anyone looking for financing solutions.
My wife and I had a difficult situation between buying and selling homes with different agents and being long distance. I found Andrew multiple times going above and beyond what he should be doing. Recognizing that buying/selling house waits for no one makes it difficult when you are at work, Andrew would ALWAYS pick up the slack on our end as well as give me much needed reminders. In addition, I found it refreshing to get honest answers from Andrew, rather than hearing what you “want” to hear. All in all, Andrew is great at his job and a really great person, that always has your interest in mind, and will do the right thing. He makes one of the more stressful life events, a little bit less stressful.
Andrew was very responsive and went out of his way to make sure we always had all of our questions answered. He worked with us to make sure that we could afford our home and get into it quickly, before we even found one to put an offer in. Even after closing, he continued to answer our questions and give us advice.
Most people find that mortgage financing is complicated and confusing. We help you buy your dream home by simplifying the mortgage financing process with personalized loan options that save you time and money.
