Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse our editorial content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.
Discover Home Loans is a division of Discover, a digital bank and payments services company that’s been around since 1985. It specializes in fixed-rate home loans, including home equity loans and refinances. In addition to home loans, Discover offers a variety of other products like credit cards, checking and savings accounts, personal loans and student loans.
Who is a Discover mortgage loan good for?
Since it doesn’t offer purchase loans, Discover will only make sense if you already own a home. It can allow you to tap into your home equity with a home equity loan and consolidate debt, pay for a home improvement project or meet another financial goal. A Discover mortgage may also help you refinance your mortgage so you can lower your interest rate and cut your monthly payments.