First, calculate the amount of equity you have in your home and how much you can borrow using our Loan Amount Calculator.
Next, use our Monthly Payment Calculator to see what your monthly payment could be. It’s also a good idea to use our Debt Consolidation Calculator to see how much you could save each month by consolidating debts with your loan.
Now that you know how much you may be able to borrow and how your loan will affect your financial situation, you can submit your home equity loan application with more confidence in getting approved.
Mortgage providers will base the home equity loan options you receive on your available equity, income, debt, and credit history. Compare the loan amounts, rates, terms, and fees of these options to make an informed decision about the best one for you.
Discover Home Loans features zero costs at closing, zero application fees, and zero origination fees.