Need some cash to consolidate your debts? For home improvements? To pay college tuition? Or how about that new car you’ve had your eye on?

Home equity loans or lines of credit are a smart way to borrow money because the interest rate is often significantly lower than other types of consumer loans. What’s more, the interest on your loan is typically tax-deductible. (Be sure to see your tax advisor.)

Paramount Mortgage Home Equity Loans offer outstanding advantages:

» Low rates
» Low monthly payments loan available
» No hidden fees
» No prepayment penalties/certain programs
» Apply online
» Instant approval
» Borrow up to 125% of the equity in your home
» Potential tax-savings (the interest you pay may be fully tax-deductible which further     reduces your cost of borrowing. Consult your tax advisor regarding the deductibility     of interest.)

* Certain restrictions apply.

For your further convenience, Paramount Mortgage offers both fixed-rate and variable-rate Home Equity Loans.

Do you have a Home Equity Loan now from another lender? Switch your loan to the lower rates at Paramount Mortgage. Just complete and submit your Home Equity Loan application. Upon approval of your loan, you can use your loan proceeds to pay off your existing home equity loan and enjoy our lower rates. You’ll save money and it's quick and easy to do.
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Borrow Up To 125%


At Paramount Mortgage, you can borrow up to 125% of the equity in your home. For example: If your home has a current market value of $300,000 and an outstanding mortgage balance of $180,000, you have $195,000 in available equity. That’s the amount you can borrow. $300,00 x 125%= $375,000 less first mortgage balance of 180,000 leaves $195,000 in borrowing power.



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