Discover Home Equity Loans
67% of our customers would recommend this lender.
About Discover Home Equity Loans
Get great benefits with a home equity loan from Discover. Borrow from $25,000 up to $150,000 with repayment terms up to 20 years and one low rate that will never go up. You’ll pay $0 origination fees, $0 application fees, and $0 closing costs. And if...Read more
Lender ReviewAngie from Choctaw, OK
Known for missing closing dates!!!We chose discover for our home equity loan because of the lower interest rate and no closing cost. However, knowing what I know now we would not have went with discover. Our first personal banker we dealt with was Goran..he was great...any questions we had got answered in a timely manner whether it was via email or phone. Then our Loan got transferred to another person in the next dept....and that was a completely different experience. No matter if we emailed or called we never got any response...there was NO communication. I informed Discover from the get go that we had a closing date in 2 months...I ended up giving our first personal banker a call and immediately got a response..he got me in touch with a mgr who I voiced our concerns with about the communication. She followed up and got us the information we needed. As the time got closer and closer to our closing date I heard nothing...it was still being processed and they couldn't tell me if we were even approved...We have a fico score of 845....we only owe on a mortgage...no other debt. Finally we got word that we were approved but after the appraisal of our home the interest rate we got quoted went from 5.99 to 6.99. When I called to find out why they said that the appraisal of our home, which was a drive by, only came in at 190000. We pay taxes on 284000 house and land. So because someone drove by and missed the actual acreage we have we now have a higher interest rate. Then to make things worse we missed not one but 2 closings with our land. Luckily the people we were purchasing from worked with us but they definetely had every right to back out. If we had to choose a lender again we would not choose Discover...even though the closing cost was nothing...all the other hassle we had to put up with was not worth it. This loan will be paid off asap!!! If u choose discover ..give plenty of time for closing... Read More
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