H&R Block Bank offers a variety of loans to meet your needs.
H&R Block Bank is here to meet your borrowing needs.
For more information about our Emerald Advance®click here.
For more information about our Emerald Secured Card®click here.
Financing the purchase of a home is a major financial decision and you should know some of the options available to you.
If you already own your home and have built up some equity, you should know how to put that equity to work for you.
Residential Mortgage Loans
No matter how unique your situation, there's a solution that is best for you!
Adjustable Rate Mortgages
The interest on an Adjustable Rate Mortgage (ARM) is not fixed,
it changes during the life of the loan in line with movements in an index rate.
The interest rate on an ARM is made up of two parts: the index and the margin.
The index is a measure of interest rates generally and the margin is an extra amount that the lender adds.
For example, if the interest rate for the financial index is 5.5% and your margin is 2.25%,
then your rate at the time of adjustment would be 7.75%.
When rates change, ARM monthly payments increase or decrease at intervals determined by the lender.
However, the change in the monthly payment amount is usually subject to a Cap.
You may also see ARMs referred to as AMLs (adjustable-mortgage loans) or VRMs (variable-rate mortgages).
Home Equity Loans
A borrower uses the equity in their home as collateral for a Home Equity Loan.
These loans are useful to finance major expenses such as home repairs, medical bills, or college education.
A home equity loan creates a lien against the borrower's house, and reduces actual home equity.
Fixed Rate Mortgages
A fixed rate mortgage guarantees the interest rate will remain the same over the life of the loan.
This offers you the security of knowing the principal and interest portion of your monthly payment will
Whether you want to add an overdraft line of credit to your H&R Block Bank checking account or get a fixed rate
term loan secured by your H&R Block Bank Certificate of Deposit, options are available so you are ready to take advantage
of a great opportunity, cover an emergency or consolidate some of your bills without paying high interest rates.
click here for the Consumer Loan Application.
Please print, complete and fax your application to 1-816-854-8050.