Pangea is an online lender that provides home equity loans for homeowners with good credit. Pangea also offers an original financing program that allows you to pay off your loans with a 0% interest rate, perfect for refinancing your home!
What is a Home Equity Loan?
A home equity loan is a loan that uses your home as collateral. The principal, interest, and taxes on the loan are all paid back through your property taxes. A home equity loan can also be used for consolidating debt or for investing into another property/business.
A home equity loan is a type of loan that allows people to borrow money against the value of their home. Unlike a traditional mortgage- which is an interest rate, payment plan and regular scheduled payments – Home Equity Loans are either unsecured loans or secured loans, meaning the lender gives you access to the equity in your home as collateral.
How Does Pangea Work?
Pangea is a Georgia-based company that has pioneered online lending in the US. They offer loans at much lower rates of interest than other lenders, up to 15% APR. This is because they don’t collect any money up front. Instead, they charge borrowers a small fixed fee for their services and then earn interest on their savings account while they wait for the loan to be paid back.
Pangea is a division of PEG + The Mortgage Group, LLC. It offers home equity loans with flexible repayment terms. This gives you the ability to pay monthly or in full and use your loan proceeds to purchase a new or used vehicle, make improvements on the home, or invest in another property.
The Pros and Cons of Pangea
To obtain the most favorable loan terms, you should be aware of your financial history and current credit. Pangea Home Equity Loans offers financing for those unable to qualify for traditional loans or with blemished credit.
Pangea is a company that lends money to people who have good credit. The loan not only has good interest rates, but also allows borrowers to pay back the loan quickly with no extra fees. Pangea requires an upfront fee and monthly expenses, but this loan can be beneficial for people who would otherwise struggle to get a small loan from a bank.
Who Can Apply to Pangea?
Anyone who is looking for a loan can apply to Pangea. There are no loan qualifications necessary, so anyone in the United States or abroad can apply. Home equity loans are available to individuals and businesses alike, with rates that range from 7% to 30%.
Anyone with a good credit score, enough income to afford monthly payments, and the ability to prove their monthly debt payments can have a chance of getting approved.
Conclusion
Through our blog, Pangea offers a host of services focused on helping people get the most out of their home equity loans. We help people reduce the interest rate on their loan and refinance into a lower fixed rate mortgage, which allows them to afford more now without worrying about being upside down in the future.
Pangea Home Equity Loans is a pioneer in the home equity loan industry. With a team of professionals to help consumers, they make sure that their customers have the most extraordinary experience possible.