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How To Pay For Your Second Home

With an E-LOAN home equity loan or line of credit you can get a second home. Whether it's a beach house, a mountain cabin, or an investment property, you can use the equity in your home to help finance the house you've dreamed about owning.

$30,000 home equity for as little as $144 per month! **

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Loans Available from E-LOAN Preferred Partners:
Loan Types Not Offered:
  • Not available in AK, DC, HI, MT, TX, and WV.
  • Borrowers self-employed for less than 2 years
  • Mobile or Manufactured homes
  • Properties listed for sale
  • Co-ops
  • Log Homes
  • Properties over 10 acres
  • Construction loans (on property being financed)

Use Home Equity For:

Debt Consolidation
  • Pay Off Credit Cards
  • Pay Off Bills
Home Improvement
  • Add-on a Room
  • Remodel Your Kitchen
  • Put in a Pool
  • Build a Nursery
Vehicle Purchase
  • Cars, Boats, & RVs
Education Finance
  • Tuition
  • Housing
  • Graduate Studies
Medical Expenses
  • Emergency Procedures
  • Long Term Care
  • Plastic Surgery
Major Life Events
  • Weddings
  • New Baby
  • Adoption
  • Infertility Treatments
  • Starting a Small Business
** Payment shown is the monthly interest-only payment required during the first 10 years on a $30,000 home equity line of credit with a mandatory initial draw of $30,000. A balloon payment is required after 10 years. APR subject to increase, maximum is 18%. Third party fees: settlement, notary, recording, title & property valuation or appraisal fees on a $30,000 credit line normally range from $199 to $450 (plus mortgage taxes in states where applicable). Property insurance is required. Rate and availability subject to creditworthiness, loan-to-value-ratio, property value, and other considerations. Home equity lines of credit not available in AK, DC, HI, MT, TX, and WV. Not an offer to enter into a lock-in agreement. An offer may only be made in writing. This advertisement is for second mortgage loans.