Discover offers home equity loans
Opens door for home improvement
Discover widened its product offerings and announced it will start to offer home equity loans.
The product offers loans from $25,000 to $100,000, no originations fees and fixed rates starting at 5.99%.
"Many people have more equity in their homes than they think they do,” said Gary Harman, vice president of lending and home equity loans for Discover. “We’re giving them the opportunity to leverage that equity to do things like make home improvements and consolidate debt.”