Pay for Major Expenses with a Home Equity Loan
A home equity loan is a type of second mortgage that uses your home’s equity as collateral to acquire financing. It provides a lump sum of cash with consistent monthly payments and a variety of repayment terms. With predictable monthly payments, a home equity loan can be a helpful option for budgeting toward your financial goals.
You can use a home equity loan to help with large one-time expenses, such as a home remodel, weddings, debt consolidation, and more.
Benefits of a Home Equity Loan
- Borrow up to 95% of your home’s value
- Multiple repayment terms available
- Consistent monthly payments
Competitive Home Equity Loan Rates
We offer competitive low rates to ensure you get the most out of your second mortgage. Apply for a home equity loan today or set up an appointment with one of our experienced Mortgage Consultants.
Loans are subject to approval and actual terms will depend on credit worthiness and equity position. See current rates and terms. For example, a $100,000 loan approved at 80% of value would have a minimum payment of $1,186.50 with a 7.49% APR on a 10-year term. The monthly obligation will be determined by the total loan amount at the time of closing and the term and interest rate of the loan. See our Loan Calculators for specific examples. Homeowner Insurance will be verified. Consult a tax advisor regarding the tax deductibility of interest related to your Home Equity Loan. Other restrictions may apply.