HOME FINANCING
You might be looking to buy a home or refinance a mortgage. Or maybe you're considering using home equity to make home improvements or pay for a major expense. Whatever the case, here is some information about your home financing options so you can see what makes sense for you.
Wherever you are in life, be informed to help make home buying simpler.
Whether you're a first-time homebuyer, ready for your next home or vacation home, or looking to invest, you should be informed to help you prepare.
Learn about the home buying process. Read the steps to home buying, affording a home, the pre-approval process and more.
See the homebuyer's guide >Moving? Whether you're downsizing, upsizing or relocating, buying a new home is a big milestone. Here are tips for buying a new home and selling your current house.
Tips for buying and selling your home >If it's affordable and in line with your long-term goals, owning a second home may be great for investment and lifestyle reasons. Learn what to consider when buying a vacation or investment home.
Reasons for a second home >See if refinancing makes sense for you.
There are many reasons to refinance—lower your monthly payments, pay off your debt sooner, get cash out or change your loan type to one with better terms. Learn the different reasons to refinance to see if it's something you should consider.
Use the refinance guide to understand if refinancing makes sense for you. It covers the benefits of refinancing, how to qualify and the application process.
See the refinance guide >Although many options are available, Discover offers home equity loans you can use to refinance your mortgage if you owe less than $150,000. Take advantage of no closing costs or origination fees with a Discover Home Equity Loan.
Learn about refinancing with a Discover Home Equity Loan > opens in a new windowIf you have multiple forms of debt, you may have high interest rates and be paying more than necessary. With a debt consolidation loan, you may be able to eliminate high interest debt by making one low payment a month. Your home equity can be a great way to consolidate debt.
Learn about using your home for debt consolidation > opens in a new window * View benefits and risks > footnote: opens modal dialogWhy wait for that addition or remodel?
You can use the equity you may have in your home to improve it—and add even more value to it. A home equity loan may be a great way to finance that home addition or remodel you've been thinking about. Tell us how much cash you need for your home improvement, and we'll provide a potential rate and payment for your Discover Home Equity Loan.
There are several ways to finance your home improvement project, so it's helpful to know the differences between each, including a home equity loan, a HELOC, a cash-out refinance and a personal loan.
Compare loan options > opens in a new windowSee how much cash you can get for your home improvement project by refinancing. This site has articles and calculators to help guide you.
Learn about cash-out refinance >You can borrow against the equity in your current home to pay for your improvement projects. Take steps to get started and find out how much equity you may have in your home.
Learn how to start using your equity > opens in a new windowNeed money for a major expense or life event?
Maybe you're planning a storybook wedding, paying tuition for a loved one, planning a dream vacation or just need some help with unexpected bills. Your home equity can give you the cash you need to pay for planned or last-minute expenses. Tell us how much cash you need, and we'll provide a potential rate and payment for a Discover Home Equity Loan.
While borrowing amounts vary by lender, with a Discover Home Equity Loan, you can borrow up to $150,000 with no closing costs to help you pay for a major expense or life event.
Learn about the benefits of a Discover Home Equity Loan >An alternate option to get funds is with a cash-out refinance. Learn about a cash-out refinance to help you learn if it's a good solution for you.
Learn about cash-out refinance > opens in a new windowIf a home equity loan interests you, answer a few questions to get a personalized, no-obligation quote from Discover Home Equity Loans.
Get a Quote > opens in a new windowThe relative benefits of a loan for debt consolidation depend on your individual circumstances and your actual debt payments. You will realize interest payment savings when you make monthly payments towards the new, lower interest rate loan in an amount equal to or greater than what you previously paid towards the higher rate debt(s) being consolidated. Keep in mind, though, while your monthly payments will be lower, in the long term you may pay more interest because the debt is extended over a longer period of time.