Discover Home Equity Loans Ratings & Reviews

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NMLS ID: 684042

Discover Home Equity Loans

(2.3 of 5) 6 Reviews

33% of our customers would recommend this lender.

About Discover Home Equity Loans

With Discover Home Equity Loans, you can borrow from $35,000 to $150,000. And you’ll have the freedom to use your cash however you need to – improve your home, consolidate debt, pay for major expenses like college or a wedding, or even refinance your...

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Loan Officers

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Karen Hoffman New Castle, DE
Jaime Richardson New Castle, DE
Sam Pence Phoenix, AZ
Jamie Orner Phoenix, AZ
Nancy Abbott Phoenix, AZ
John Bragg Phoenix, AZ
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Customer Reviews

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6 Reviews

(2.3 of 5)
Review Breakdown
  • Lender Review
    from Lake Charles, LA
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    None - we connected, but I didn't move forward

    Very, very bad.

    Horrible experience. Very poor communication from them. Worked with them for about 2 weeks...requested same information over and over. Would not recommend them to my worst enemy! Also, because Lending Tree highly recommends this company, I will not ever use this service again either. Had 2 Discover Cards for about 20 years....canceling both of them due to this horrible service... Read More

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  • Lender Review
    from Bogota, NJ Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    June 14, 2017

    Waste of time, only lends to 69% max LTV

    Total waste of time, your house would need to appraise at double the value to qualify. Only lends up to 69% of the equity in the home. If you want your report pulled multiple times, apply for a home equity line here.

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  • Lender Review
    from Prairieville, LA
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    I'm currently working with this lender

    WORST BANKING EXPERIENCE EVER!

    The WORST financial experience I have EVER experienced. Submitted initial application on February 2nd with all necessary documentation. Now I have been forwarded between 6 different departments, representatives, and constantly resubmitting documents and answering same questions over and over. It is now June 14th and another request from a "Senior Loan Processor" that asks me to email her all of my tax returns, mortgage statements and deed info (all of which has been submitted 3 times previously through their portal). Email? Still no closing date, Cant even answer if my rate is still locked, Wont even answer her phone. AVOID DISCOVER HOME EQUITY LOANS!!!!! There has to be a better loan option for you. Unless you want to wait 4 months to still not have a closing date, deal with a company with ZERO regard for your information privacy or security, and deal with the WORST customer communication skills of anyone outside of your local DMV office... Read More

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  • Lender Review
    from Chino, CA
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    None - we connected, but I didn't move forward

    STAY AWAY

    What a disappointment. The communication this company offered was so below average, I don't see how they could possible rate even 1 star. My "personal banker" never returned emails or requests for updates, the "loan processor" never followed up, the few times she called, she asked for the same documents over and over. I ultimately withdrew my loan request, and cancelled my application-. I would NEVER recommend this company!... Read More

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  • Lender Review
    from Burke, VA
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Equity Loan or Line of Credit
    Services:
    Closed loan with this lender

    Great

    Very helpful, very fast, and very easy. What more can you ask for?

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  • Lender Review
    from Waxhaw, NC
    (5 of 5)
    Recommended!
    Reviewed:
    Loan Type:
    Home Purchase
    Services:
    None - we connected, but I didn't move forward

    Best Company

    Best Company Out There!!

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With Discover Home Equity Loans, you can borrow from $35,000 to $150,000. And you’ll have the freedom to use your cash however you need to – improve your home, consolidate debt, pay for major expenses like college or a wedding, or even refinance your current mortgage. We offer repayment terms of 10, 12, 15, or 20 years with $0 origination fees, $0 application fees, and $0 cash at closing. You’ll have a direct line to your personal banker, who will work with you every step of the way. Discover Bank, Member FDIC | NMLS ID 684042 | Equal Housing Lender.