Home Equity Options 

A Home Equity Loan (HELOAN) or Home Equity Line of Credit (HELOC) makes it possible to tap into the equity you’ve built in your home to fund all of life’s big (small!) moments.

Maximize the benefits of owning your home by borrowing against its equity and gain access to funds at a lower rate than credit cards and personal loans. The funds are for you to use at your discretion to make life better in a way that only you know how.

Home Equity Line of Credit (HELOC)

Rates as low as 7.50%

A home equity line of credit (HELOC) provides a flexible line of credit that allows you to withdraw, repay, and then access more funds as needed over an extended period of time. It’s like converting a portion of your home equity into a line of credit that operates similarly to a credit card, making this a great option if you find yourself in need of funds for a brief period or uncertain about the exact amount and timing.

Good to know:

  • Variable interest rate that can fluctuate over time
  • 10-year draw period, with repayment period of up to 10 years

Home Equity Loan (HELOAN)

Rates as low as 5.75%

Sometimes referred to as a Home Equity Fixed Rate Loan, a Home Equity Loan (HELOAN) is a great choice for those tackling larger expenses where a fixed interest rate is ideal. This means you can count on the stability and predictability of your monthly payment throughout the entire loan term, making HELOANs especially appealing for consolidating high-interest debt.

Good to know:

  • Funds are disbursed in its entirety at the time of loan closing
  • Available terms of 10 or 15-year fixed, and a 30-year fixed with 7-year balloon