A Home Equity Loan may be an excellent way to utilize the equity in your home for a variety of reasons. It may be utilized to finance:
- Educational Expenses
- Major purchases such as a boat, car, second home, or once in a lifetime vacation
- Unexpected major medical expenses
- Consolidate high finance charge debts into a lower interest rate loan
Please use the Home Equity Process to learn more about obtaining a Home Equity Loan.
Our Loan Consultant can find the Home Equity Loan that's right for you and give you quotes on current interest rates and closing costs. Or select the specific Home Equity Loan program that interests you to learn more about our various loan programs.
Home Equity Loan - Fixed Rate Second 12 Year
| Best Choice If:You're looking to borrow additional funds using your home's equity. | Advantages:You can borrow against your home's equity at a fixed rate without refinancing your existing first mortgage. | Disadvantages:Maximum loan is limited to 90% of your home's value, minus any existing first mortgage balance. |
Home Equity Loan - Fixed Rate Second 6 Year
| Best Choice If:You're looking to borrow additional funds using your home's equity. | Advantages:You can borrow against your home's equity at a fixed rate without refinancing your existing first mortgage. | Disadvantages:Maximum loan is limited to 90% of your home's value, minus any existing first mortgage balance. |
Home Equity Line of Credit - 1st Mortgage
| Best Choice If:You don't currently have a first mortgage and want to use your home's equity to borrow money using a line of credit. | Advantages:Use your home's equity for a line of credit that you can choose to use only when you need it. | Disadvantages:Your rate may change over the life of the loan. |
Home Equity Line of Credit - 2nd Mortgage
| Best Choice If:Have equity in your home and want flexibility, as home projects and other expenses arise, with a line of credit. | Advantages:Use your home's equity for a line of credit that you can choose to use only when you need it. | Disadvantages:Your rate may change over the life of the loan. |
Home Equity Line 1st Mortgage
| Best Choice If:You don't currently have a first mortgage and want to use your home's equity to borrow money using a line of credit. | Advantages:Line of credit allows you to tap into the equity of your home for any reason and only when you need it. | Disadvantages:Your rate may change over the life of the loan. |
Home Equity Line 2nd Mortgage
| Best Choice If:You don't currently have a first mortgage and want to use your home's equity to borrow money using a line of credit. | Advantages:Use your home's equity for a line of credit that you can choose to use only when you need it. | Disadvantages:Your rate may change over the life of the loan. |
