The Household Finance Corporation has been in business since 1878, and is now a member of the HSBC Group. The HSBC group is one of the country’s largest financial service companies and was ranked the fourth most admired financial service company in the world by Fortune magazine. HFC has 440 branches nationwide, and offers customers specialized loans for almost any situation. Since its acquisition by HSBC, HFC has the resources to help customers realize their financial goals, but still maintain the small bank benefits of customer service.
HFC 10-Day Guarantee
The Household Finance Corporation wants their customers to be completely satisfied with their loan choice. Therefore, HFC offers their customers a 10-Day Satisfaction Guarantee. If you are not satisfied with your loan, you may repay it in full within ten days after the loan is disbursed, they will refund any interest charges, closing costs, and fees. They will also waive any prepayment penalty attached to your loan. They do not offer this guarantee on refinance loans, or any loans in California that are not secured by real estate.
The Household Finance Corporation always practices fair lending. Therefore, they have guidelines that they must follow before offering a customer a refinance loan. The loan must either offer the borrower a savings of $100 or more in current monthly savings, give the borrower a rate reduction or term reduction, or consolidate delinquent debts. They follow these standards in order to provide their customers with the best lending experience possible.
The Household Finance Corporation likes to reward borrowers who practice good lending behavior. Their Pay Right Rewards program rewards customers who have twelve consecutive on time payments by lowering their interest rate.
HFC Home Equity Loans
The Household Finance Corporation offers an Express Equity Loan to allow customers fast access to their home’s equity. This loan does not require a home appraisal, and can be anywhere from $3,000 to $47,500. You will receive a response for this loan within 48 hours. The Home Equity Loan allows you to access 100% of your home’s equity, and may be tax deductible. This loan can be from $10,000 to $300,000. Their refinance mortgage can be Adjustable or Fixed Rate, and can be up to $1,000,000. This high amount can help you refinance your loan, and consolidate debt. The Refinance Loan may be tax-deductible.
The Household Finance Corporation is a Fair Housing Lender. They comply with the Fair Housing Act of 1968, and do not discriminate against borrowers based on color, race, national origin, religion, age, sex, familial status, or disability.
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