Product Features — Home Equity Loan

A home equity loan gives you a single lump sum payment. Most people use home equity loans for large, one-time purchases, such as a home remodeling project, a down payment on a vacation home, a new car, to consolidate debt – or anything you’d like.

With a home equity loan from Edward Jones Mortgage, you should consider the following:

• The interest paid may be eligible to be deducted on your personal taxes¹
• You may be eligible to borrow up to 100% of the value of your home²
• The closing costs are typically lower than the costs for refinancing a mortgage
• The Annual Percentage Rate (APR) is fixed for the life of the loan
• Terms are available from 5 to 30 years (based on loan amount)
• There is no minimum loan size requirement
• Loan request s can be made up to $500,000 on a primary residence

If you have mortgage or home equity questions, call Edward Jones Mortgage at 1-888-304-9242.

¹Consult your tax adviser regarding the deductibility of interest.

²Texas homestead accounts are subject to a maximum of 50% fair market value or 80% of the combined loan to value (CLTV), whichever is less.

Financing is provided by Edward Jones Mortgage, LLC, an affiliate of Edward Jones.  Edward Jones Mortgage, LLC is licensed by the Department of Corporations under the California Residential Mortgage Lending Act, is licensed by the New Hampshire Banking Department.  Edward Jones Mortgage, LLC may not be available in your area.  Equal Housing Lender. ©2007 Edward Jones Mortgage, LLC.  All Rights Reserved.