Looking for some quick cash for home improvements, a long vacation, or college tuition? Use the hard-earned equity in your home. A Home Equity Loan or Line of Credit from BankUnited is money with a tax advantage.
Choose a Home Equity Loan when you want a fixed monthly payment for the life of the loan. Choose a Home Equity Line of Credit when you want to structure your loan as revolving credit.
Advantages of a Home Equity Loan
Fixed payment period – you choose the term period that works best for you
Fixed rate – your rate remains the same for the term of the loan
You get a check for the full amount of your loan to use however you like
You repay your loan in easily-budgeted fixed installments
Call 1-877-779-BANK or visit your nearest BankUnited branch today to apply.Click here for locations.
Advantages of a Home Equity Line of Credit
Revolving payments – pay the minimum amount, or pay the entire outstanding balance. As you pay your loan, the amount you have access to is replenished, similar to a credit card
Variable rate – Your rate is tied to Prime and changes as the Prime rate changes, over the term of the loan
Check-based access – just write a check to access your account
Monthly repayment amount varies as a percentage of the amount you’ve accessed
Call 1-877-779-BANK or visit your nearest BankUnited branch today to apply.Click here for locations.
Whichever option you choose, remember to call your BankUnited partners to help you keep your finances liquid.
Be sure to consult your tax advisor for tax deductibility.