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It is our mission here at Premier Mortgage Concepts to successfully help our clients by placing them into the best possible mortgage program, based on their financial needs. In doing this, it may be possible for them to own the home of their dreams.

  
 
 
What is a Home Equity Loan?

A home equity loan is a type of loan in which the borrower uses the equity in his home as collateral. These loans are sometimes useful for families to help finance major home repairs, medical bills or college educations. A home equity loan creates a lien against the borrower's house.

A home equity loan can be either a fixed mortgage or an adjustable rate mortgage.

Tax benefits of home equity loans

A home equity loan can be beneficial because the home equity loan rate charged is usually tax deductible. Use our calculator to check what various rates can equal for you in monthly payments.