Tag Archives: Credit Card Company Adds Home-Equity Business

Looking to benefit from rising home values, credit card lender Discover Financial Services announced it will begin offering home-equity loans in the second half of this year. Discover says that about 80 percent of its customers are home owners. It plans to offer fixed-rate, closed-end loans valued between $25,000 to $100,000. The home equity loans will first be marketed to existing customers before eventually becoming available to others. In recent months, banks have been reporting increases in home-equity lending due to the rise in home values that has given more […]