Flexibility of home equity line of credit. Certainty of a fixed rate loan.
Borrow what you need, when you need it
With a New Discover® Capped Rate Home Equity Line of Credit, you can: Make home improvements,
Consolidate bills, Lower monthly payments or Make large purchases.
Only pay interest on the amount you owe, not the entire line.
Interest only payment options, which may be tax deductible.*
Draw money from your line whenever you need it - as you need it.
Your home is your key to financial flexibility.
Make your home equity work for you.
Obtain funds whenever you need them by simply writing a check
Create a cash reserve for important expenses – you decide when to use it
Pay interest only on the amount you use – Interest may be 100% tax deductible*
See how a home equity line of credit can reduce your monthly expenses*
A home equity line is a line of credit that let’s you decide when and how much to borrow
(up to your available credit limit). When you need to borrow, just write a check. It’s that convenient.

*See terms & conditions

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