A BBVA Compass Home Equity Loan or Line of Credit is a great way to consolidate debt, pay off high-interest credit cards, or pay for major expenses.
Benefits also include a potential tax benefit! (Please consult a tax adviser for further information regarding the potential deductibility of interest and charges).
A Home Equity Loan or Line of Credit is a good way to ensure you have what you need when you need it. And, as a part of your special Workplace Solutions benefits, receive a .25% (25 basis points) rate discount on select home equity products.
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All loans and lines of credit subject to program eligibility, underwriting and collateral requirements, and approval, including credit approval. Workplace Solutions consumer checking account required. Rate Discount: Workplace Solutions coded consumer checking account required to be eligible for 0.25% discount. Home Equity rate discounts can be combined with the auto debit discount. However, it cannot be combined with any other promotional rate discount, Branch Empowerment Tool, Consumer Segment discounts or Professional Program discounts. Floor rate applies to home equity lines of credit. Home Equity Loans: BBVA Compass must receive a valid second real estate lien on your primary residence.
Debt Consolidation: The relative benefits you receive from loan consolidation will vary depending on your individual circumstances. If your Home Equity Loan or Line has a longer term than the bills you are consolidating, you may not realize savings over the entire term of your Home Equity Loan or Line.