| Home appreciation values in Nebraska have increased | | | | a home equity loan rather than keeping your current |
| by an average of 22.5 percent in the last five years. | | | | mortgage or getting a refinance. It all boils down to the |
| This means that if your home was worth only | | | | rate and cost of the loan. Nebraska home equity loan |
| $100,000 five years ago, it is now worth $122,500. | | | | rates average 7.61 percent. If this rate is less than the |
| You've built equity! If you have paid down your | | | | rate you pay on your current mortgage, a home equity |
| mortgage during this time, you may want to consider | | | | loan will be better for you. It is also much less costly |
| using a Nebraska home equity loan to pay off the | | | | than a regular refinance. |
| balance. | | | | Finding the Right Home Equity Loan |
| Can You Do That? | | | | Using a Nebraska home equity loan to pay off your |
| Absolutely! There are many people who have taken | | | | mortgage can be a smart financial move, but you |
| this avenue. You can choose to do anything you want | | | | have to get a good deal on the loan. Otherwise, it |
| with a Nebraska home equity loan--and that includes | | | | won't be worth the time and effort. To make sure you |
| paying off your mortgage. In fact, it may be a better | | | | get the right home equity loan, you'll want to contact |
| choice for you financially than refinancing or staying | | | | several lenders. All of them will have different |
| with your current mortgage. | | | | programs, rates, and loan terms to choose from. By |
| Why Use a Home Equity Loan | | | | making comparisons, you can easily choose the best |
| You may be wondering why it would be better to use | | | | Nebraska home equity loan for your individual situation. |