Whether you’re interested in going on a dream vacation, want to finance that home project you’ve always planned on doing, or even need some extra cash, a home equity loan can help.
Start My Approval Find a LenderThere are two options available to access your home’s equity. It’s important that you understand how both options, a Home Equity Line of Credit (HELOC) or a Home Equity Loan work before deciding which option is best for you. Want to get started? Find your local branch and contact a mortgage specialist near you today.
Equity is an important tool and a great financial benefit of owning a home.
You can use your equity to pay for major home improvements, or help consolidate other debts.
Your equity is more than the value of the interest in your home; it’s your opportunity to afford big purchases and even consolidate debts at a lower interest rate. Your equity could even determine whether you keep your home during financial hardships.
Improving their property is a common reason why many consumers opt for home equity loans. By using their home equity, they can upgrade their home, potentially increasing its overall value.
Consolidate high-interest personal loans with a low or no fee home equity loan. You could save money over time with a lower APR if you have substantial home equity.
A home equity loan allows access to a significant sum of money without using personal savings or taking out an expensive small business loan. It can also be used for investment property down payments.
A home equity line of credit or HELOC typically offers lower interest rates than personal loans. You could consider using a home equity loan for education expenses to save money.
So you're finally ready to fix up your home and add to its value. You have an important decision to make: what makes more sense - a home equity loan or a home equity line of credit?
Find out more about Home Equity loansThis icon indicates a link to third-party content. By clicking on the link, you will leave our website and enter a site not owned by the bank. The site you will enter may be less secure and may have a privacy statement that differs from the bank. The products and services offered on this third-party website are not provided or guaranteed by the bank.
Member FDIC. Equal Housing Lender. 
NMLS #407985
© 2023
This icon indicates a link to third-party content. By clicking on the link, you will leave our website and enter a site not owned by the bank. The site you will enter may be less secure and may have a privacy statement that differs from the bank. The products and services offered on this third-party website are not provided or guaranteed by the bank.
Member FDIC. Equal Housing Lender. NMLS #407985
© 2023
This icon indicates a link to third-party content. By clicking on the link, you will leave our website and enter a site not owned by the bank. The site you will enter may be less secure and may have a privacy statement that differs from the bank. The products and services offered on this third-party website are not provided or guaranteed by the bank.
Member FDIC. Equal Housing Lender. NMLS #407985
© 2023
