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Choosing Discover for Home Equity Loans


Why Discover Home Equity Loans?

We've designed every aspect of our home equity loan to deliver an exceptional experience so customized... so streamlined... so refreshingly different—it could only come from Discover.

Reliable Partner.

Millions of customers count on Discover to meet their financial goals.

Discover Card has been ranked #1 in customer loyalty for 18 years running.1

We believe in keeping things simple, keeping you informed, and making your experience the best you’ll ever have.

Our Personal Bankers have years of experience helping people manage their home equity.

Personalized Service.

Your Personal Banker will help you through the process and answer all your questions.

Your Personal Banker listens to your goals.

You'll get to know the people behind your loan on a first-name basis, so you'll never have to explain your situation more than once.

You'll receive regular updates about your loan status, so you'll always know how far you've come and how near you are to your closing date.

Easy Process.

Streamlined process and reduced paperwork helps you close your loan in as little as four weeks.

To save you time, we'll go to work gathering much of the necessary documentation and information on your behalf.

Answer some simple questions and we'll work with you to complete your application.

We'll tell you the type of information we'll need so there are no surprises.

Exceptional Benefits.

Get everything you need to make your loan easy to live with.

Pay no origination fees, no prepayment penalties and no closing costs (state exceptions apply).2

Borrow just what you need—up to $100,0003—with a fixed rate and fixed monthly payment.

Lock in a low fixed interest rate—and deduct up to 100% of the interest you do pay at tax time.4

See how much you can borrow
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1 According to the 2014 Brand Keys Customer Loyalty Engagement Index report

2 If you live in a state that charges mortgage tax, you will be responsible to pay it at closing. The states are AL, FL, GA, KS, MN, OK, TN and VA.

3Subject to a review of your financial and property information.

4The interest of any portion of credit greater than the fair market value of your property may not be tax deductible for Federal income tax purposes. You should consult your tax advisor regarding the tax deductibility of mortgage interest and charges.

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