Rick Eiseland Real Estate

Equity Loans

You could convert your house to townhomes.

Since the passing of the Home Equity Law by the Texas State Legislature, thousands of Texans have been taking advantage of this opportunity to create their dreams. Whether used to fund a college education, a new business opportunity, an investment, home improvement — whatever your reasons, the home equity loan is a great benefit available to you. You can borrow against the equity you have in the home you currently own. Even if you have owned it for less than two years, in many cases, the value of your property has increased to give you a substantial amount of equity. And with interest rates as good as they are right now, you can refinance your current home when you get your equity loan and get a better interest rate.

Equity loans are also very popular for people who would prefer an addition or a remodel of their current home to finding a new one. It makes good financial sense for many people. An appraisal of your property is an important first step to understanding how much equity you can pull from your home. Once you complete our online application and receive our disclosures, we can send an appraiser over to get the process started.