Cannect

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Home equity loans from Cannect start at just 4.99%, but there are other fees associated with a loan. These fees are typically lower than our competitors, and lower than fees you would pay to refinance your mortgagepotentially 10s of thousands of dollars lower if you need to break your mortgagewhich is why a CannectFlex loan may be right for you. Wi... th a CannectFlex loan, you can expect minimum fees of $750 to cover legal costs and a broker fee of 3-4% of the loan. With other vendors, they may also require you to hire an appraiser. Cannect does not require an appraisal for home equity loans, but you can typically expect this when refinancing. The total cost of a loan is represented by an Annual Percentage Rate (APR), typically combining all fees and the total interest you would pay over a full year of holding the loan. At Cannect, we work to get you into a lower cost mortgage as quickly as possible, so you may have this loan for less time, but if you were to hold a Cannect home equity loan for 12 full months, a 5.99% loan at $43,000 would total an APR of 11.32%. You can compare this to a credit card, typicaly at 20% or higher, and competitor loans at even higher rates. Cannect Brokerage No. 13079 Cannect Invest Brokerage No. 12156Read More