A loan with a fixed dollar amount against the equity in their home with a fixed repayment term.
- No origination fee
- 0.25% discount rate available for clients who (1) auto-debit their payment from an Amegy Checking account or (2) have a Smart Yield Checking account, or (3) are enrolled in the Amegy Advantage Personal Relationship Package
- View and pay loans easily through Amegy Online Banking
- Interest paid this on loan may be tax deductible
* Loans subject to credit approval and standard underwriting guidelines including loan to value requirements. Consult your tax advisor for details regarding tax deductibility. Other terms and conditions may apply, see banker for details.
Texas law requires that any home equity loan and home equity line of credit may not close before 12 days after you submit a written application to the lender or before 12 days after the lender provides you with a copy of the Notice Concerning Extensions of Credit, whichever is later. If your home equity loan request is submitted through Loan By Phone, the loan may not close for 17 days. Additionally, once you have completed and signed your loan documents, there is a three day Right to Cancel Period required by federal law. During this period you may cancel the loan without penalty. If your home was security for any home equity loan within the past year, a new home equity loan secured by the same property may not close before one year from the closing date of the prior loan.