Debt Basics

Debt Basics
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Bank United

Bank United is the largest bank headquartered in Florida. With more than $12 billion in assets, Bank United has established a strong local presence  For those customers who are interested in consolidating—and eliminating their high-interest credit card balances and other debt, Bank United offers lending products and solutions to meet both your personal and financial needs.  Features and benefits of these programs include:

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Home Equity Loan

  • Fixed payment period;
  • With a fixed interest rate, your rate remains the same for the term of the loan;
  • Receive a lump-sum check for the full amount of your loan, to use however you like;
  • Interest may be tax deductible (consult your tax advisor);
  • Repay your loan in easily-budgeted fixed installments.

Home Equity Line of Credit

  • With revolving payments, pay only the minimum amount or the entire outstanding balance;
  • As you pay your loan, the amount you have access to is replenished, similar to a credit card;
  • Interest may be tax deductible (consult your tax advisor);
  • The variable interest rate is tied to the Prime Rate, and changes as the Prime rate changes, over the term of the loan;
  • Write a check to access your account;
  • Monthly repayment amount varies as a percentage of the amount you’ve accessed.

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* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.