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Home Equity Loan FAQ


1.	What is a home equity loan?
2.	How can I use my home equity loan?
3.	How will a home equity loan affect my taxes?
4.	What are the terms of a Capital One home equity loan?
5.	What payment methods are available?
6.	Is debt protection available on my home equity loan?
7.	Are automatic payments available on my home equity loan?

1.	What is a home equity loan?

Capital One's home equity loan is secured by a mortgage on your home up to the amount of the equity you've accumulated. You may be able to borrow as much as 100% against your home's equity. The minimum home equity loan amount is $10,000.

2.	How can I use my home equity loan?

You can use a home equity loan for anything from home improvement to debt consolidation, investing, or sending a child through college. Whatever purchase you may be considering, a home equity loan may be just the solution you need.

3.	How will a home equity loan affect my taxes?

A home equity loan generally gives you the power to fully deduct the interest. You should consult your tax advisor for up-to-date details regarding the deductibility of home equity interest and charges for your situation.

4.	What are the terms of a Capital One home equity loan?

With a home equity loan, you can receive the proceeds up front and make a fixed monthly payment. Interest rates are competitively fixed on term loans. Call us at 1-800-664-0960 for more information on terms and rates.

5.	What payment methods are available?

You can choose from several different payment methods, including:

Automatic deductions from your Capital One checking or savings account.
Payments online, using Online Banking.
Payments via certain Capital One ATMs, in person at a Capital One banking office, or by mail.

6.	Is debt protection available on my home equity loan?

Yes, debt protection may be available for your loan, depending on the amount borrowed and term of the loan. Debt Protection is a bank product that includes life, disability (accident and health), and job loss coverage. Debt Protection is a coverage plan purchased in conjunction with a consumer credit loan.

7.	Are automatic payments available on my home equity loan?

Yes, automatic payments are available. Just ask to have your monthly payments automatically deducted from your Capital One checking or savings account. No monthly checks to mail—it's that easy!

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