


Your Loan Options in Minutes
Apply online or over phone, fast and easy. Loan options from $35,000 to $300,000 with fixed interest rates from 6.49% - 12.99% APR.

Zero Origination Fees.
Zero application fees, zero appraisal fees and zero mortgage taxes.

Help on hand 7 Days a Week
Get a loan team dedicated to processing your application.
Home Equity Loans: Rates, Terms & Fees
Keep your existing mortgage and get the cash you need.
Interest Rates
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Fixed interest rates from 6.49% - 12.99% APR |
Loan Amounts |
$35,000-$300,000 |
Payments |
Fixed Monthly Payments |
Terms |
10, 15, 20 & 30 Years |
Application Fees |
$0 |
Origination Fees |
$0 |
Appraisal Fees |
$0 |
Cash Required at Closing |
$0 |
Discover Home Loans pays all closing costs incurred during the loan process, so that you don’t have to bring any cash to your loan closing.
In the event that you decide to pay off your loan balance in full within 36 months after your loan closes, you will be required to reimburse Discover for some of the closing costs that we are paying on your behalf, not to exceed $500.00.
Reimbursable closing costs will include all title fees, recording fees, and mortgage/transfer taxes. If you reside in Connecticut, Minnesota, New York, North Carolina, Oklahoma, or Texas you are not required to reimburse the closing costs.
See rates for all loan options.
Calculate home equity loan options
See how much you could borrow
Pay off debt & check your savings
Check your fixed rate & payment
Turn your home equity into cash
Here's what our customers are saying
Here's what our customers are saying

“No cost, no fuss, and fast!”
Marie K., WV, 2/2/2022

“...So glad we chose Discover Home Loans for our home equity loan."
Judith E., GA, 2/25/2022

“Process was relatively quick and I was able to do everything online.”
Stephen M., NJ, 11/2/2021
Uses for your home equity loan
- Consolidate Your Debts
- Improve Your Home
- Refinance Your Mortgage
- Pay for Major Expenses
Our debt consolidation customers save an average of $775 on their monthly payments!
Payment Comparison Example
BEFORE
$1,166
Monthly Payments
From credit cards & loans totaling $53,400
AFTER
Savings of $775 per month. That's $9,302 per year!
Find your low,
fixed rate
Use our Rate Calculator to find the rate and monthly payment that fits your budget.
Make it the home of your dreams.
Make Big Upgrades
$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 origination fees or cash required at closing.
Get a Potential Tax Deduction
Potentially deduct your loan’s interest on your taxes when you improve your home (consult your tax advisor to see if you qualify).
Did you know?
The home equity you’ve earned can be used in a multitude of ways.
Get a better mortgage now and for the future.
We Have Your Needs Covered
We can refinance your original mortgage, a HELOC, or an old home equity loan.
Get a Low Rate or Longer Term
Put yourself back in control of a better financial situation with a mortgage reset.
Get the Cash You Need
Refinance and cash out your home equity with zero origination fees.
Get your rate
in minutes
$0 Application Fees.
$0 Origination Fees.
$0 Cash Required at Closing.
Imagine what your home equity could provide.
Get Cash to Meet Your Needs
Pay the tuition of a loved one. Make a major purchase. Have the perfect wedding.
Healthcare Bills Covered
Use your equity to relieve some financial stress so you can focus on your health.
Feel Secure About Your Rate
The low, fixed rate and 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.
Questions about Home Equity Loans.
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With a home equity line of credit (HELOC), you get the flexibility to withdraw money as you need it up to a predetermined credit limit and repay the loan over a fixed term. Typically HELOCs have a variable interest rate that can increase or decrease over time. Generally, there is a fixed "draw" period, during which you may with draw funds, repay them or a portion of them up to a credit limit, similar to a revolving credit card. During the draw period, many lenders permit you to make interest-only payments. After the draw period ends, you can no longer request funds and are required to repay the outstanding balance over the remaining term of the loan. By contrast, a home equity loan gives you all of your funds upfront in a lump sum and usually comes with a fixed interest rate and monthly payment that never change for the life of the loan. Discover offers home equity loans and mortgage refinances instead of HELOCs.
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With Discover, you will not have to pay any application fees, origination fees, or appraisal fees. Since a home equity loan or mortgage refinance is a secured debt, the average interest rate is typically lower than what you'll pay on an average credit card or other form of unsecured debt.
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A fixed interest rate on your home equity loan means you will make stable and predictable interest payments towards your loan balance for the life of the loan. While, with a variable interest rate, your interest rate and payment can change over time due to a variety of factors.
When you apply for your loan, loan options you receive with variable interest rates often start with lower rates than options with fixed rates, making them more attractive. However, because variable interest rates can change over time, your original variable rate may be pushed higher during your repayment period.
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First, calculate the amount of equity you have in your home and how much you can borrow using our Loan Amount Calculator.
Next, use our Monthly Payment Calculator to see what your monthly payment could be. It’s also a good idea to use our Debt Consolidation Calculator to see how much you could save each month by consolidating debts with your loan.
Now that you know how much you may be able to borrow and how your loan will affect your financial situation, you can submit your home equity loan application with more confidence in getting approved.
Mortgage providers will base the home equity loan options you receive on your available equity, income, debt, and credit history. Compare the loan amounts, rates, terms, and fees of these options to make an informed decision about the best one for you.
Discover Home Loans features zero costs at closing, zero application fees, and zero origination fees.
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With Discover Home Loans you’ll pay zero application, zero origination, and zero appraisal fees. We will charge you interest and may charge a fee if your payment is late or if you do not have sufficient funds to cover a payment. We pay all closing costs incurred during the loan process, so that you don't have to bring any cash to your loan closing.
In the event that you decide to pay off your loan balance in full within 36 months after your loan closes, you will be required to reimburse Discover for some of the closing costs, not to exceed $500. Reimbursable closing costs will include all title fees, recording fees, and mortgage/transfer taxes. Please note: if you reside in Connecticut, Minnesota, North Carolina, New York, Oklahoma, or Texas you are not required to reimburse us for any closing costs.
Your Guide to Home Lending
Learn more about product options, using your equity wisely, and the home equity market.
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Start your application online
or give us a call.
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Start your application online or give us a call.