Home equity lending
Your home's equity can be one of your most powerful financing resources for major purchases. With a home equity loan or line of credit, you can finance major purchases, remodel your home, pay for college, take your dream vacation, consolidate debts with lower interest rate, and more.
Advantages of home equity loans and lines of credit
Using your home's equity keeps your long-term investments in place, working hard for you. Ameriprise Financial home equity lending products offer several attractive benefits:
- Quick loan decision. Usually within 24 hours of your application.
- Lower interest rates. The cost of credit can be considerably less than using a credit card.
- Flexible loan terms. Repayment schedule on a home equity loan can range from 5 to 30 years. You can draw on a home equity line of credit for 10 years after it's opened, followed by a repayment period of up to 15 years.
- Large range of loan amounts. Home equity loans and lines of credit can range from $15,000 to $500,000.
Working with Ameriprise Financial
An Ameriprise financial advisor can help you decide whether a home equity solution is right for you. If so, the application-to-closing process is fast, easy and convenient. And a financial advisor will keep you updated on your loan's progress.
For more information, please contact your advisor or call one of our loan specialists at 1 (866) 471-BANK (2265).
View Home Equity Line of Credit disclosure
When Your Home Is on the Line: What You Should Know about Home Equity Lines of Credit
Investment products are not insured by the FDIC, are not deposits or obligations of or guaranteed by a financial institution, involve investment risks, including possible loss of principal, and may fluctuate in value.
Ameriprise Bank, FSB, provides certain deposit, lending and personal trust products and services to Ameriprise Financial Services, Inc.
Mortgage products, home equity loans and home equity lines of credit are offered by Ameriprise Bank, FSB, an Equal Housing Lender, which is a subsidiary of Ameriprise Financial, Inc. Home equity loans and home equity lines of credit are currently not available in Texas.
Ameriprise Bank, FSB, Member FDIC, an Equal Housing Lender, provides certain deposit, lending and personal trust products and services to Ameriprise Financial Services, Inc. Deposit products are FDIC-insured up to $100,000 per depositor. Ameriprise Financial Services, Inc. and Ameriprise Bank, FSB are subsidiaries of Ameriprise Financial, Inc.
Financial advisor may not arrange for, promote, suggest or permit a client to use mortgage or home equity loan
proceeds to purchase securities or other investment products offered by financial advisor.
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