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Home Equity Loans

Home Loan Types Home Equity Loans

Make Your Equity
Work For You

A home equity loan from Cal Point Mortgage can provide you with cash when you need it. Similar to a HELOC, a home equity loan lets you borrow against the equity in your home to receive a lump sum loan.

. . . at your fingertips.

Eligibility Requirements

Generally speaking, your credit history and score don’t have a major effect on obtaining a home equity loan because your home secures the loan. Equity in your home will be a key component in determining your available credit. Keep this in mind when considering a home equity loan. Failure to pay could damage your credit standing and result in the loss of your home through foreclosure.

What Are The Features?

  • ☑ A variety of amortization periods
  • ☑ More choices for individuals with imperfect credit
  • ☑ Fixed interest rates available

What Are The Benefits?

  • ☑ A fixed interest rate that doesn’t change, so you always know what your monthly payment will be.
  • ☑ A variety of amortization periods that let you pay back your loan with favorable terms and conditions.
  • ☑ A solution for those with imperfect credit to get access to additional funds.
  • ☑ May be an ideal solution for single projects, such as a kitchen remodeling.
  • ☑ Interest paid may be tax deductible depending on your situation and the state in which you reside. Not all states may permit this deduction. Consult a tax advisor to make sure you’re eligible.

Related Information

CalPoint Mortgage offers both Fixed Rate & Adjustable Rate mortgages in a variety of terms . . .

A home equity line of credit (HELOC) offers a flexible way to borrow funds. Click here to read more.

A significant part of the home buying process is saving up for a down payment. How much is right . . .