Pay for Major Expenses with a Fixed 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 at a fixed interest rate with repayment terms ranging from 5 to 10 years. 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
- 5-Year, 7-Year, and 10-Year terms available
- Fixed rates for consistent monthly payments
Competitive Home Equity Loan Rates
We offer competitive low rates to ensure you get the most out of your second mortgage, and we never sell our loans to 3rd party companies so you can be confident in knowing where your loan is serviced. We’re also approved for in-house FHA loans making your mortgage processing fast and easy.
Apply for a home equity loan today or set up an appointment with one of our experienced Mortgage Consultants.
Loans subject to credit approval. See current rates and terms. For example a $100,000 loan approved at 80% of value would require a down payment of $20,000. The minimum payment for a $80,000 loan with a 7.49% APR and 10-year term is $949.20. These payment examples do not include taxes and insurance. Your actual payment may be higher. 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.