You worked hard to build equity in your home, now let that equity work hard for you
Finance life's major milestones using the equity built within your home as collateral to secure a competitive rate. You have the option to choose between a lump sum loan or a flexible line of credit. Our team will be here to guide you through the process.
Home Equity Line of Credit
A Home Equity Line of Credit, HELOC, is a revolving credit line that's secured by the equity you've built in your home. The HELOC can be used as needed during your draw period, the timeframe between opening it up until your repayment begins. You only pay interest on what you borrow from your HELOC.
Home Equity Loan
A Home Equity Loan is a fixed-rate loan secured by the equity you've built in your home. There is a set lump sum that you can access upon the closing of the Home Equity Loan.
What can you use a HELOC or Home Equity Loan for?
Home improvements
Whether you're looking to remodel your kitchen or build an outdoor living area, A HELOC can be a great option.
Debt consolidation
You may be able to save money by using a HELOC to consolidate higher debt such as credit cards and student loans.
Major purchases
If you're planning on funding major expenses, such as college tuition, a wedding, a new boat or a large vacation, a HELOC may be a good option. It's flexible availability of funds and low interest rate make it a smart choice for financing.
*Consult with your tax advisor about potential tax deductions. All credit and loan products are subject to credit approval. NMLS #412662