|
Your home is one of your most valuable financing tools! If you have lived in your home several years, paid a large down payment, or increased your home's value, chances are you have lendable equity in your home. You can use the equity for home improvement projects, education, vacations, and more!
Features
- Low monthly payments
- Potential tax deductibility
Interest Deduction Benefits
Using your home equity to fund projects and expenses could save you money.
- A possible full tax deduction on the interest you pay, subject to the phase out of itemized deductions and other restrictions regarding the deductibility of interest
- Potential tax decrease
Negotiating and understanding the complex tax laws can be confusing. Consult with your tax advisor regarding the deductibility of interest and charges.
Learn More
Access helpful lending tools to estimate your home's value, estimate your loan payments, tax savings and more.
Interest rate, loan-to-value, and other terms are based on credit qualification and real estate used as collateral. Maximum loan-to-value (LTV) and other terms are based on applicant's credit history. Not valid with other special offers or premiums. Loans subject to final credit approval.
Want to learn more? Sign up now for the TCF Home Loan Advisor email newsletter and get information about home equity loans and home equity lines of credit delivered right to your inbox. Click here to subscribe.
|