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Home Equity Financing


Two Convenient Products For Your Financing Needs

Your Home Has Equity

Home equity financing can be a smart, cost-effective way to fund major expenses.  Using your home's equity can provide you with funds at a lower interest rate than alternatives, like credit cards and personal unsecured loans. Plus, a home equity is a great way to maximize your property investment.  
 
Common Uses For A Home Equity

Home equity financing tends to make the most financial sense for expenses that are significant, somewhat unavoidable, or that add long-term value. Common uses include:

  • Home Improvements and Renovations
  • Debt Consolidation
  • Medical Expenses
  • College Tuition
  • Upcoming Wedding
  • Sudden Unexpected Expenses
When it comes to home equity financing, choosing the most sensible option depends entirely on your unique situation.
 
 
 Home Equity Line Of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is an adjustable-rate loan and acts as a revolving credit line allowing the borrower to take money out an as-needed basis.

A HELOC may be the better choice when you have ongoing or uncertain expenses such as college tuition or a multi-phase home renovation project.

 
Home Equity Loan (HELOAN)

A Home Equity Loan (HELOAN) is a fixed-rate loan based on the equity in your home.

You might consider a HELOAN when you have a defined, one-time expense like a new roof or debt consolidation.
Take Me To The HELOCs
Take Me To The HELOANs
 
Still have questions about your options?  Take a look at our helpful guide HELOC vs HELOAN - What's the Difference?