Home Equity Solutions
Access the equity you've built in your home to fund renovations, education, or consolidate high-interest debt.
Home Equity Options
Choose the home equity solution that best fits your needs and financial goals.
Home Equity Loan
A fixed-rate, lump-sum loan that uses your home's equity as collateral. Ideal for one-time, large expenses.
- Fixed interest rate and predictable monthly payments
- Receive all funds at once
- Terms typically range from 5 to 30 years
- Interest may be tax-deductible when used for home improvements
Home Equity Line of Credit (HELOC)
A flexible line of credit that allows you to borrow as needed during a draw period. Ideal for ongoing expenses.
- Variable interest rate that adjusts with market conditions
- Draw funds as needed during a set period (typically 10 years)
- Pay interest only on the amount you borrow
- Repayment period follows draw period (typically 20 years)
Smart Ways to Use Home Equity
Home equity can be a powerful financial tool when used wisely.
Home Improvements
Renovate your kitchen, add a bathroom, or update your home to increase its value and improve your living space.
Debt Consolidation
Combine high-interest debts into one lower-interest payment to save money and simplify your finances.
Education Expenses
Fund college tuition or other educational costs with potentially lower interest rates than student loans.
Emergency Fund
Establish a financial safety net for unexpected expenses or income disruptions.
Frequently Asked Questions
Common questions about home equity loans and lines of credit.
Ready to tap into your home's equity?
Get personalized home equity options based on your specific situation. No obligation and no impact on your credit score.