Personalized Service Simplifies Process for Homeowners
RIVERWOODS, Ill.--(BUSINESS WIRE)--Aug. 14, 2013--
To meet the needs of customers with larger financial obligations,
Discover Financial Services introduces Discover Home Equity Loans to
bridge the gap between its personal loan and home loan products.
Discover Home Equity Loans are originated by Discover Bank.
When it comes to large financial obligations, Discover Home Equity Loans
offer homeowners the opportunity to simplify their finances. This can
include supporting home improvement projects, paying for major expenses,
or consolidating debt into a single, fixed monthly payment.
“Many people have more equity in their homes than they think they do,”
said Gary Harman, vice president of lending and home equity loans for
Discover. “We’re giving them the opportunity to leverage that equity to
do things like make home improvements and consolidate debt.”
From the start, Discover assigns each homeowner to a Personal Banker to
guide them through the entire process while giving them options to suit
their specific financial needs. Homeowners have the ability to select
from four payment terms and lock in at a competitive interest rate.
Features include:
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Streamlined application process with less paperwork
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Loans from $25,000 - $100,000
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7-, 10-, 12-, and 15-year terms
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Fixed interest rates starting as low as 5.99% to 11.99%
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No origination fees
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Updates on loan status through closing
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Receive money in as little as two weeks
The Discover Home Equity Loans website is located at www.discover.com/homeequity.
Discover’s growing suite of direct banking products includes credit
cards, home loans, private student loans and personal loans, as well as
checking, savings and money market accounts.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers home
loans, private student loans, personal loans, checking and savings
accounts, certificates of deposit and money market accounts through its
direct banking business. Its payment businesses consist of Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in more than
185 countries and territories. For more information, visit www.discoverfinancial.com.
Source: Discover Financial Services
Discover
Katie Henry, 224-405-4437
kathrynhenry@discover.com
or
Discover
Abbe
Kalina, 224-405-5175
abbekalina@discover.com