Home Equity Loan
Is someone you love getting ready for college? Are you ready to tackle that dream kitchen or another home improvement project? Maybe you've thought about these things but dismissed them because you didn't think you had the money to do them... A Home equity loan can help you get you the money you need to make your dreams come true!
Connect with our Home Equity loan specialist.
Home Equity Loans: Your Partner through Life
In life, you may come across certain situations and circumstances where you need money to pay off large debts or overcome financial hardship. Our specialists are here to guide you through the process of applying for a home equity loan.
A home equity loan is a one time lump sum loan that is paid back in a set period of time with a fixed rate of interest.
- The home equity loan can be used for any purpose; home improvement, debt consolidation, higher education, etc...
- Interest rates remain fixed for the life of the loan.
- Payments remain the same for the full term of the loan.
- Fixed term - you know exactly when the loan will be paid in full.
A home equity line is a line of credit similar in function to a credit card. You can draw on the line of credit at any time to access additional cash. Benefits of a home equity line of credit include:
- Just like the home equity loan, the home equity line of credit can be used for any purpose; home improvement, debt consolidation, higher education, etc...
- Interest rates vary and the payments depend on the amount borrowed, but you can draw only the amount you need and you can access additional cash later.
- Pay interest only on the amount drawn from the line of credit.
- Get extra cash... you only pay for what you use, but have access to more if needed.
