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Home Equity

quickie-Landing-Page-Image.jpgTurn Your Home's Equity into Cash in 12 Days

Quick Close | Low Rates | No Appraisal Needed

You've built up the equity in your home over the years...why wait a month or longer to access it? With a Home Equity Loan from GTE Financial, you'll receive your money FAST so that you can get started on your project, vacation, or big purchase sooner!

A Home Equity Loan or Home Equity Line of Credit from GTE Financial is a great choice for a number of reasons:

Quick Close

We've streamlined the entire Home Equity loan process from start to finish and can go from application to funding in about 12 days!1 

No Appraisal Needed2

Why pay hundreds of dollars for an appraisal when you don't need to? In most cases, we can determine the value of your home in minutes by using our Automated Valuation Model (AVM) software...at no cost to you!

Low Rates

Shop around, our Home Equity rates are some of the lowest in the Tampa Bay area and beyond!

NameRates As Low As
Home Equity Line of Credit (5 Year Interest Only)
5.50%*
15 Year Home Equity
5.47%*
7 Year Home Equity
4.47%*

To get started, stop by a Community Financial Center, give us a call at (888) 871-2690 ext 40407 or apply online using the button below. It only takes a few minutes to apply and find out how much equity is avaialable in your home!

​Apply Online Find a Location  Call Us


Click for more information on this common question:
"What's the difference between a home equity loan and a home equity line of credit?"

About Home Equity Loans

Has your kitchen remodel been stalled for decades? Is it time to fix that leaky roof? Maybe you need extra cash for expenses outside the house.

You've invested money into your home. Why not use these funds when you need them? With a Home Equity Loan or Home Equity Line of Credit (HELOC) from GTE Financial, you can take out the money you've already put into your home (the equity) and put it towards:

  • Home renovations or home repairs.
  • Consolidating high interest rate debts into one lower interest rate loan.
  • Paying for medical bills.

What exactly are Home Equity Loans?3 
Home Equity Loans and HELOCs are second mortgages. Often times, these loans are used to pay for a large cost that you wouldn’t otherwise be able to cover. The amount of equity you have in your home is determined by the value of your home versus how much you still owe on your home. The loan is at a fixed rate for seven or fifteen years.

Want to learn more about Home Equity Loans and how they may help you? Call us 24/7 at 888.871.2690, ext. 40436 or apply online for a credit pre-approval. You can also visit a Community Financial Center and may be pre-qualified in just 5 minutes! 

Home Equity Line of Credit (HELOC)

HELOC is a line of revolving credit with an adjustable interest rate, great for short-term borrowing or unexpected costs.3 You can choose when and how often to borrow money and paying off your debt will then free up more credit. HELOCs have sometimes been compared to credit cards, in that you’re given a limit and have a minimum payment owed.

Home Equity Line of Credit (HELOC) is excellent for those who need funds for unexpected expenses. It allows you to make purchases that otherwise you wouldn’t be able to make. You can gain access to money for sudden medical emergencies, home repairs, education and other occasions.

Best Choice If: 

  • You are not certain how much money you will need over a period of time.
  • You can choose when and how often to borrow money.
  • If you need a loan  for  $10,000 and/or up to  $250,000

Other Features:

  • HELOC allows the borrower to take advances as they need.
  • As you pay it back the loan, it frees up more credit.
  • You have 5 years to withdraw funds, and 15 years to repay it.

Want to learn more about Home Equity Lines of Credit and how they may help you? Call us 24/7 at 888.871.2690, ext. 40436 or apply online for a credit pre-approval. You can also visit a Community Financial Center and may be pre-qualified in just 5 minutes! 

1APR = Annual Percentage Rate. The following rates are effective on March 1, 2019. Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. Eligibility and Membership in GTE Financial required. Rates subject to change at any time. The APR is a variable rate and is based on the Prime rate as disclosed in The Wall Street Journal plus s a margin based on your credit history. The rate is subject to change. Maximum APR that can apply is 12%.

 Terms & Conditions

Your actual APR may differ based on your ability to repay, credit history, approved loan amount and term. Subject to final credit, collateral review and approved lien-position. The minimum approved credit line $10,000.00 and the Maximum of $100,000.00 loans subject to a Five year (5) draw period with interest only payments. Homeowners Insurance is required, Flood Insurance may be required. Credit Line together with any other mortgage(s) cannot exceed 90% of the property value on 1-4 family, owner-occupied properties. Property must be located in Florida. Non Owner-Occupied subject to different terms and conditions. Annual fee of $100.00 For Equity Lines of Credit, fee waiver applicable if the balance of the line exceeds $10,000.00 or 50% whichever is less. Your actual APR may vary based on your actual loan amount. Please visit the Loan Consultant for additional information about our rates and fees. Rates are subject to change without notice. Your actual rate and/or points may be different, as many factors are evaluated for a loan approval.

2 Automated Valuation Model software may not be able to be used for every loan, and in these cases, an appraisal will be required.

3 An example APR for a 5 Year Home Equity Loan is 5.50%. An example monthly mortgage payment is $1,830. An example monthly mortgage payment is $1,001. An example APR for a 15 Year Home Equity Loan is 4.790%. An example monthly mortgage payment is $778. The example quotes are based on a property value of $200,000 and a loan amount of $100,000 for 1st mortgage options and a $10,000 2nd mortgage. The Annual Percentage Rates (APR) stated is an estimate and is intended for informational use only. Your actual APR may vary based on your actual loan amount and current rates. Please visit the Loan Consultant for additional information about our rates and fees. Rates are subject to change without notice. Your actual rate and/or points may be different, as many factors are evaluated for a loan approval.

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