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BBVA Compass

  • Overview
  • Consolidate Your Debt
  • Pay for College Tuition
  • Home Improvement
  • Big Purchase
  • Tips for Home Equity Loans
  • Loan Options

Overview

Did you know your home may be one of your largest assets? Make your home’s equity work for you.

Our home equity loans and lines of credit provide financing options for home improvement projects, debt consolidation, education expenses, large purchases, and other unexpected expenses. Explore our home equity loans and lines of credit options today.

Consolidate Your Debt

If you’re worried that your debt is too high, and you’ve decided to do something about it, debt consolidation may save you both time and money.

 

Pay for College Tuition

Get smart about your student loan options. BBVA Compass helps you pay for college and finance your future education.

 

Home Improvement

Maintain your investment and beauty of your home.

 

Big Purchase

Be it a car, major appliance or funding a wedding, big purchases are a fact of life.

 

Tips for Home Equity Loans

Let BBVA Compass provide you with the basics for tapping into your home equity wisely.

 

Loan Options

The more you know about our loans— what's available, where to find them and how they work — the easier it will be for you to choose the right one.

Consolidate Your Debt

Feeling overwhelmed? Shrink your debt while making your monthly payments more manageable. At BBVA Compass, we understand that juggling multiple high-interest rate debts can be costly. Consolidating those debts with a BBVA Compass personal loan offers a smart way to help you pay down your debt with a lower, fixed interest rate along with a single fixed monthly payment. At the end of the loan term, if you’ve made your payments and not taken on any new debt, you will be debt-free! 

Pay for College Tuition

Smart student loans for a bright future.

When it comes to repaying your student loans, you know that it's important to make your loan payment on time and to fully pay your balance every month. Chances are you may feel a little anxious trying to figure out how you're going to manage your student loan debt while avoiding the consequences.

We can provide you with the best repayment plan options and advise you on the best methods of payment. We’ve got everything you need to stay on schedule.

Home Improvement

Give your home new life with a home improvement loan from BBVA Compass.

With a BBVA Compass home improvement loan or home equity line of credit, you can make the repairs or improvements you need—affordably.

You not only get the flexibility to make the improvements you need on your schedule, but our great home improvement loan and home equity line rates make repaying your loan or line a breeze.

Big Purchase

From installing a new in-ground pool to financing a honeymoon, there are many splurge-worthy purchases you will make in a lifetime. A home equity line of credit gives you the flexibility of advancing the amount needed when it's needed.

Tips for Home Equity Loans

Most home owners receive offers to take out home equity loans, and if done properly, these loans can give home owners the chance to make those home improvements or to take the money and make those purchases that they have been putting off.

Keep the following tips in mind when looking to take out a home equity loan:

  1. Avoid any unnecessary fees. The market for home equity loans is wide, meaning that there is stiff competition. There is no reason that you should pay unnecessary fees when you could find a loan that does not have these fees attached to it.
  2. Be aware of variable interest rate floor and cap. Having a variable rate means that you could benefit from a lower interest rate at some point. However, the rate could also escalate. This is why you should make sure that you know exactly what the variable interest rate is and whether the loan contains any interest rate floor and cap. In addition it is important to note the rate can fluctuate throughout the term of the loan.
  3. Avoid pre-payment penalties. Many people want to pay off their loan earlier. In some cases, this can result in pre-payment fees being attached. You need to make sure that your lender will work with you in this situation and not charge these fees for simply paying off the debt sooner.
  4. When getting a home equity line of credit, you should check to see if converting to a fixed rate is an option down the road since most equity lines of credit have variable interest rates. Some of these variable-rate home equity lines of credit offer a low introductory rate and then after a specified period of time the rate increases. If your home equity line of credit features an option to “lock-in” all or parts of your balance at a fixed rate you may be able to avoid high rates.

Loan Options

It’s time to put your plan into action – replace the tub, reface your cabinets or repair the roof. Choose the loan option below that best fits your project’s scope. Here are some loan options to consider:

 

Home Equity Loans and Home Equity Lines of Credit

Make your home’s equity work for you. Did you know your home may be one of your biggest assets?

Learn More

Loans subject to program eligibility, collateral, underwriting and approval, including credit approval.