Home Loans – Tap Into Your Equity (original) (raw)

Mortgage Refinance

Refinance your mortgage and unlock cash from your home equity. Check rates & terms.

Loan Amounts

Loan Amounts from 35,000to35,000 to 35,000to300,000

Low fixed Rates

Fixed APRs starting at

x.xx% APR for 1st lien and
x.xx% APR for 2nd lien

View APR Disclosure

Zero Origination Fees

Zero Origination Fees

Zero Appraisal Fees
Zero Costs Due at Closing

Run the numbers to see your options

See how much you could borrow

Pay off debt & check your savings

Check your fixed rate & payment

Turn your home equity into cash

Achieve your goals with a low fixed rate loan

  1. Consolidate Your Debts
  2. Improve Your Home
  3. Refinance Your Mortgage
  4. Pay for Major Expenses

Here's an example based on our average customer who gets a home equity loan for debt consolidation:1

Want to reduce your monthly payments by hundreds of dollars? Our customers on average save $xxx a month!1 Potentially you could too. See details below.

Current Payments

credit cards and loans

totaling $xx,xxx

$x,xxx1

Minimum Monthly Payments

New Lower Payment

from Discover, 2nd lien, $xx,xxx

at x.xx% APR1, 30 year term

$xxx

Fixed Monthly Payment

(excludes taxes and insurance)

Keep xxxeverymonth−that′sxxx every month - that's xxxeverymonth−that′sxx,xxx back for the year!1

Find your low,

fixed rate

Use our Rate Calculator to find the rate and monthly payment that fits your budget.

Fixed rates starting at x.xx% APR for first liens and x.xx% APR for second liens

The APR will be between x.xx% APR and x.xx% APR for first liens and x.xx% APR and x.xx% APR for second liens based on loan amount and a review of credit-worthiness, including income and property information, at the time of application.

The lowest APRs are available to borrowers requesting at least xx,xxxforsecondliensorxx,xxx for second liens or xx,xxxforsecondliensorxxx,xxx for first liens, with the best credit and other factors.

Example is based on the average original monthly debt payment total vs. consolidated debt amount, and term received by actual customers who financed a debt consolidation with Discover Home Loans over the most recent three full months of available data. Payment reductions are for illustration purposes only and assume you make your home loan payment on time. Your actual payment reduction may vary depending on the APR and term of your home loan, the actual terms of your credit accounts, and how you make payments on those accounts. Taking cash out in addition to consolidating debt will increase your monthly payment. Your actual APR may be higher or lower than the APR shown here, which is based on APRs available as of the date of this communication and creditworthiness. Please visit Discover.com/home-loans/rates to see today's APRs.

Based on a xx,xxxloanamountatx.xxxx,xxx loan amount at x.xx% APR for a 30 year term with a monthly payment of xx,xxxloanamountatx.xxxxx.

Benefits and Risks of Debt Consolidation: The relative benefits of a debt consolidation loan depend on your individual circumstances and actual debt payments. You will save on interest payments when you pay the new, lower interest rate loan monthly in an amount equal to or greater than previous payments towards the higher rate debt(s) being consolidated.

Keep in mind, though, while your monthly payments will be lower, in the long term you may pay more interest if the debt is extended.

Make it the home of your dreams.

Make Big Upgrades 35,000−35,000 - 35,000−300,000 is enough money to renovate or expand your living space.

Save With Low, Fixed Rates

Get a low monthly payment and zero costs required at closing.

Did you know?

The home equity you’ve earned can be used in a multitude of ways.

Refinance and cash out with a new rate and term.

We Have Your Needs Covered

We can refinance your original mortgage, a HELOC, or an old home equity loan.

Get a New Rate And Term

Put yourself back in control of a better financial situation. Zero costs required at closing.

Apply in minutes

$0 Application Fees.
$0 Origination Fees.
$0 Costs Required at Closing.

Imagine what your home equity could provide.

Get Cash to Meet Your Needs

Pay the tuition of a loved one. Have the perfect wedding. Cover any healthcare bills.

Feel Secure About Your Rate

The low, fixed rate and principal payment you'll get from Discover won't ever change.

Did you know?

The home equity you’ve earned can be used in a multitude of ways.

Here's what customers say about Discover Home Loans

Communication was excellent. The website made it easy for me to upload documents and to know where I was in the loan process.

Suanne W., FL, 8/14/2024

This was an extremely easy process. The loan portal where information is requested and then uploaded by me was so simple to use. It was very helpful knowing exactly which phase my loan was in and what to expect next. The closing process was convenient and fast.

Kenith G., GA, 8/14/2024

Great customer service! Clear and honest communication from everyone involved.

Karen W., IL, 8/14/2024

Communication was excellent. The website made it easy for me to upload documents and to know where I was in the loan process.

Suanne W., FL, 8/14/2024

This was an extremely easy process. The loan portal where information is requested and then uploaded by me was so simple to use. It was very helpful knowing exactly which phase my loan was in and what to expect next. The closing process was convenient and fast.

Kenith G., GA, 8/14/2024

Great customer service! Clear and honest communication from everyone involved.

Karen W., IL, 8/14/2024

Applying is simple from start to finish

Getting the Basics
Around 1-2 Weeks
Apply online or over the phone to review your loan options, then upload required documents. We’ll confirm your initial eligibility.

Processing Your Info
**Around 4 Weeks
We’ll gather third-party information about your home and then send your complete application to underwriting for a final decision.

Closing Your Loan
**Around 1-2 Weeks
We’ll contact you to schedule your closing and then arrange for your loan funds to be sent to your accounts.

Frequently Asked Questions

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Benefits of a home equity loan or mortgage refinance from Discover include low fixed interest rates and 0applicationfees,0 application fees, 0applicationfees,0 origination fees, 0appraisalfees,and0 appraisal fees, and 0appraisalfees,and0 costs due at closing. Since a home equity loan or refinance is a debt secured using your home as collateral, the average interest rate is typically lower than what you may pay on a credit card or other form of unsecured debt. You will be able to check the status of your application or funded loan 24/7 on our secure website, and you will have access to our 100% U.S. based customer service agents.

Home equity & mortgage tips

Get valuable insights to help you choose the mortgage product that's right for you.

Fixed rates starting at x.xx% APR for first liens and x.xx% APR for second liens

The APR will be between x.xx% APR and x.xx% APR for first liens and x.xx% APR and x.xx% APR for second liens based on loan amount and a review of credit-worthiness, including income and property information, at the time of application.

The lowest APRs are available to borrowers requesting at least xx,xxxforsecondliensorxx,xxx for second liens or xx,xxxforsecondliensorxxx,xxx for first liens, with the best credit and other factors.

  1. Discover Home Loans

Main

Start your application online or give us a call.