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Patriot Mortgage Home Equity
Patriot Mortgage offers home equity fixed loans and home
equity lines of credit to extend a line of credit on
the available equity in your home. A home equity
loan can help you with making big purchases, remodeling
your home or even financing your child's college
education. Our Patriot Mortgage lending professionals
can help guide you through the process and choose
the best solution to fit your needs. For a free home
equity consultation contact one of our expert lenders
at 713-337-8400 or 888-219-9100 or visit your nearest Patriot
Bank branch. Below is
a listing of our offerings in home equity loans and their
advantages for each type to help you understand which option
might be right for your needs.
Applying
for your loan is easy! Click here to begin.
| Loan Program |
Advantages |
Disadvantages |
| Home Equity Line of Credit |
You only borrow what you need
Pay interest only on what you borrow
Flexible access to funds
Interest may be tax deductible
May be free of closing costs
A good source for an emergency
fund, if set up in advance
Can be used for debt consolidation
and lower payments
Rates are usually lower than
consumer loan or credit card rates |
Rates can change. The maximum
interest rate can be relatively high
Payments can change
Harder to refinance your first
mortgage |
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