Home equity loans

A home equity loan allows you to borrow a set amount of money at a fixed rate, which is disbursed in one lump-sum payment. Equity loans are calculated based on the value of your house, so the amount that you can use will depend on how much you have paid down your mortgage and how much your house has appreciated/depreciated.

Borrowers typically use home equity loans for large, upfront payments such as:

• home improvements
• medical bills
• college tuition
• to pay off credit cards and other high interest debt

Many borrowers prefer the home equity loan to other forms of credit because the rate and monthly payments are fixed. Home equity loans allow borrowers to budget their money and to take advantage of much lower rates than in parallel, credit markets.

Lines of credit

A line of credit is an open-ended account that offers ready access to funds to the borrower for a set period of time. This form of financing is especially suited for smaller but unpredictable payments that may need to be met in the future.

Home equity loans

The Pennsylvania Mortgage Store provides lines of credit and home equity loans through our network of lenders and banks. We offer no closing costs and standard home equity loan packages, with some of the lowest rates available to you. Fill out a form below or call today to have one of our mortgage consultants help you select the right loan.

Quick form

name:
e-mail:
phone:
loan type: select Home Purchase Construction Loan Refinance Debt Consolidation Cash Out Home Equity Loan Investment Property Commercial Property Other
question:
The Pennsylvania Mortgage Store is an Equal Opportunity Lender. We do not discriminate based on race, color, national origin, religion, sex, familial status, or disability.