Home Equity Loans
Use the equity in your home to secure a competitive-rate loan. A home equity loan allows you to borrow money based on the equity in your home and then pay it back in monthly installments over a period of time.
A home equity loan may be an excellent choice when you need funds for a major purchase, debt consolidation, family vacation, or even remodeling.
- Summary
- The interest you pay may be tax-deductible (see your tax adviser)
- Interest rates are competitive and generally lower than a personal loan rate
- Greater borrowing power if your equity is sizable
- Experienced lenders
- Personal service
- Local decision-making
- Competitive rates
- Variety of choices and options
