Compare home equity loans
Before taking out a home equity loan, comparison shop with different lenders to land the best deal available. Compare not only the interest rate, but also the various fees and terms of the loans. Check for prepayment penalties, balloon notes, lending fees and other terms. Use this work sheet to track different loans to find the one that works best for you.
If you prefer to see a .pdf version of the letter, click here.
Lender |
Address |
Telephone |
Contact |
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Feature |
Lender 1 |
Lender 2 |
Lender 3 |
Amount to
be borrowed: |
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Number of payments: |
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Loan term: |
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Interest rate: |
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Will it change? |
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Maximum rate? |
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Monthly payment: |
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Prepayment
penalty: |
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How much? |
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Balloon payment: |
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When is it due? |
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Total amount
of fees: |
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Are any refundable if you don't take the loan? |
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