home equity loan

Home Equity Loan

Do you want to access the equity you've built in your home? If you're in need of quick access to cash, you may want to consider a low-rate GTE home equity loan.

You worked hard to earn the equity in your home, use it for what you want!

Tampa Bay home values have skyrocketed; the average house purchased in 2017 has increased in value by 78% (equivalent to $227,115)!***

The equity in your home is like a Savings Account, and you could have FAST access to cash that can be used for whatever you want.

Why wait? Let us help you get started, so you can use your home's equity!

Great options to help you take advantage of the equity in your home

We've streamlined the process from start to finish and can go from application to funding in less than 35 days. In many cases, we can determine the value of your home in minutes without an appraisal** at no cost to you!

Cash Out Refinance

Replace your current mortgage with a new loan to access the cash difference between your mortgage balance and your home’s value.

Home Equity Loan

This loan is also known as a second mortgage. It allows you to take out one lump sum of cash and repay it over time with a fixed monthly payment. Like a Cash-out Refinance, you can borrow the difference in your mortgage and home value, but you have two monthly payments instead of one.

Home Equity Line of Credit

This is a revolving line of credit, similar to a credit card, which allows you to access your home’s equity. Unlike a fixed Home Equity Loan, HELOCs are 2nd mortgage products that have an open-ended term structure that allows you to continue to borrow funds up to the approved limit. A loan like this is perfect if you want to take advantage of the equity in your home, but don't want to borrow all the funds at once.

Not sure how much equity you have? No problem!

Our experienced team of Loan Executives is eager to help you and discuss which loan option works best for your needs.

To talk to a GTE Loan Executive, call (813) 871-2690 ext 40518 or schedule an appointment at your Community Financial Center.

Features & Benefits

  • Use your home's equity to pay for larger expenses, bills, or to consolidate debt
  • A Home Equity loan allows you to pay for a large expense all at once
  • Affordable payback options
  • Great low rates

*APR = Annual Percentage Rate. Rates are accurate as of 07/28/2022. 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. All loans are subject to approval. 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.


**Automated Valuation Model software may not be able to be used for every loan, and in these cases, an appraisal will be required. 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. Sample payment reflected does not include taxes or property insurance, payment obligation may be greater. The Annual Percentage Rates (APR) stated is an estimate and is intended for informational use only. Your actual rate and/or points may be different, as many factors are evaluated for a loan approval. $100 annual minimum usage fee applies if a balance of either $10,000 or 50% of the limit (whichever is less) is not maintained.


***Values listed are averages based on data from Greater Tampa Realtors (Hillsborough County).This link will trigger a popup message. Actual values may vary.