Home Equity Loans
How can you leverage the equity you've built up in your home? With a Home Equity Loan from Bank of Texas, you may qualify to borrow between $5,000 and $400,000.Apply Now
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The Right Home Loan for Your Specific Goal
If you already know how much you need to borrow, a home equity loan is an excellent way to utilize the equity you have in your home. With it, you can borrow up to 80% of your home's equity and take advantage of extended repayment terms.
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The Money You Need
As long as you know how much you need, you can receive a single advance of funds for up to 80% of the equity you have in your home. Maybe now's the time to do those home renovations, consolidate your higher interest debt or even take your dream vacation.
Save on Closing Costs — And Your Taxes
Our Home Equity Loans come with no closing costs, saving you hundreds of dollars. And, because most personal interest deductions have been eliminated under current federal tax laws, you may now be able to deduct the interest from your taxes.*
Convenient and Affordable Monthly Payments
If you want your payments to stay the same each month, this is the right loan for you. Plus, you can set up an automatic payment directly from your Bank of Texas checking account, so you don't have to worry about it every month. And keeping track is easy, with up to seven years of Online Statements, and 18 months of transaction history at your fingertips in Online and Mobile Banking.
How Much Can I Borrow from my Home Equity?
Depending upon the market value of your home, outstanding mortgage balance, credit history and other factors, you may qualify for a home equity loan. Use this calculator to estimate your borrowing capacity.Calculator
What is Home Equity?
With a Home Equity Loan, you can borrow up to 80% of your home’s value. For example, if you own a home with an appraised worth of $200,000, and you still owe $90,000 on the home, then your home equity is $110,000. If your Home Equity Loan qualifies you to take out 80% of the home's value, you can then borrow up to $70,000 (80% of the home value is $160,000, then subtract the $90,000 still owed on the home, and the result is $70,000).
How Do I Apply?
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