Home Equity Loans & Lines
Use the equity you've built in your home to finance major expenses.
Home Equity Loan
Borrow a lump sum against your home's equity with a fixed interest rate...
Features:
- Fixed interest rate for the life of the loan
- Consistent monthly principal and interest payments
- Specific loan amount disbursed upfront
- Potential tax advantages (consult your tax advisor)
Home Equity Line of Credit (HELOC)
Access funds as needed up to your approved credit limit during a draw period...
Features:
- Revolving line of credit secured by your home
- Variable interest rate (typically based on Prime Rate)
- Draw funds as needed during the draw period
- Interest-only payment options often available during draw period
- Potential tax advantages (consult your tax advisor)