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BBVA Compass

  • Overview
  • Consolidate Your Debt
  • Pay for College Tuition
  • Home Improvement
  • Big Purchase
  • Tips for Cash Out Refinancing
  • Loan Options

Overview

Accessing your home’s equity may be a good option to pay for important purchases, such as college tuition or home improvements. Your equity is the difference between your existing mortgage balance plus any other debt secured by your home, and your home's estimated market value (additional loans to value restrictions may apply).

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

A new in-ground pool? Financing a honeymoon? There are many splurge-worthy purchases you will make in a lifetime.

 

Tips for Cash Out Refinance

Refinancing your existing mortgage can serve a number of purposes and you may need to keep some of our helpful tips in mind when going through it.

 

Loan Options

You have many loan options at BBVA Compass that will fit your needs and wallet size.

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

Paying for college can be one of the toughest parts of earning your degree – but it doesn’t have to be.

We can provide you with refinancing options to free up equity in your home -- so you can pay for higher education. Talk to one of our Mortgage Specialists about the best option for you.

Home Improvement

Maintain your investment and beauty of your home.

Give your home new life with a home improvement loan. With a BBVA Compass home improvement loan or line, 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 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.

You can use a cash-out refinance loan for a number of reasons including consolidating debt, making home improvements, paying for college, or investing. Here are some things to consider before opting for a cash-out refinance:

How do you know if cash-out refinancing is the right move? There’s no hard-and-fast answer to that question, but refinancing is probably worth looking into when any of the following situations apply:

  • Interest rates have dropped substantially since the last time you financed your home.
  • You intend to stay in your home for several more years.
  • You can shorten your loan term.

With cash out refinancing, you need to weigh the benefit of how you’re going to use the money against the amount of time it will take to pay off the loan. Here are some things to think about:

  • Are interest rates lower than your current financing?
  • How much cash do you need?
  • What’s the monthly payment amount?
  • What’s the effect on your taxes?
  • What’s the total cost of borrowing?
  • What’s your break-even point?

To help you answer these questions and determine whether a cash-out refinance can help you with your long-term financial goals, contact your Local Mortgage Specialist.

Loan Options

Fixed Rate Mortgages

A BBVA Compass fixed rate mortgage can offer safety, security and peace of mind that keep your monthly principle and interest payments the same throughout the term of the loan.

Learn More

 

Adjustable Rate Mortgages

Adjustable-rate mortgages (ARM) may be initially more affordable than fixed rate loans. And they can be a good deal if you know you're going to stay in your home for a relatively short period of time. But you run the very real risk that interest rates could rise sharply and drive up your monthly payments.

Learn More

 

Jumbo Mortgage

If you have a higher property value and can manage larger monthly mortgage payments a Jumbo (also referred to as non-conforming) loan may be a good choice for you.

Learn More

 

Government Loan Programs

Government loan programs also can make buying your first home a little easier. These programs can offer options such as low down payments and easier qualification.

Learn More

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