Get Cash From Your Home
American households owe a combined $1.3 trillion dollars in revolving credit debt according to a recent study, with interest rates that range between 11%-24%.
A lower interest option is hiding inside the walls of your home. It’s called equity, the difference between the balance left on your home loan and what it’s worth today. With a home equity loan from Ark, you can tap into it your home’s equity to get the cash you need, cost-effectively and tax-deductible.
That’s cash to repair or remodel your home, fund an education, or pay off high-interest debt. It starts with a no-obligation call to an Ark Mortgage Advisor.
How much will it cost to use my equity?
Choose your rate and term and calculate your potential new monthly mortgage payment in seconds. You might be surprised at how affordable it is to own your home,,, and in a lot less time than you thought. See how much interest you’ll pay over the life of the loan, and experiment with prepayment amounts to calculate their impact on your mortgage.
Eliminate Debts
Save thousands by using the equity in your home to pay off your high interest credit card debts.
Home Improvements
Most improvements or additions you make to your home actually improve it’s value, well beyond the investment.
Investment More
Put the growing equity in your primary residence to work as a down payment for an investment property.
Unexpected Expenses
You can pay off large medical or other unexpected expenses to protect your assets and your credit.
Emergency Fund
Protect your home and family with and emergency reserve fund in the event you lose your income or job.