How do Discover and Bank of America compare?
- Choose this lender for low interest rates
- Choose another lender if you need to borrow more than $200,000
- A good option for borrowers who need a lump sum between $35,000 and $200,000
- Choose this lender for HELOCs up to $1 million
- Watch out for high APRs
- A good option for borrowers who need high limits
- Home Equity
- Home Equity
Neither of these seems the right fit?
Minimum credit score
Not available in: IA, MD, TX
Available in all states
- Loans from $35,000 to $150,000
- 10, 12, 15, 20 or 30 year plans
- Fixed rates starting at 4.99% APR
- Low fees
- Speedy online application
- Large physical presence
- HELOCs for secondary residences available
- Mixed application process
- Not nationwide
- Limited to fixed-rate loans
- Application can be confusing
- High maximum APR
- Early closure fee
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