Your nice home can help you do a lot of nice things
There when you need it
Get access to a Home Equity Loan you can use for any reason.
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Streamlined financing
Receive your funding upfront in a lump sum that you can easily tap into.
Attractive rates
Your home's value serves as loan collateral, holding down your interest charges.
Good for your big projects
The minimum Home Equity Loan amount is $10,000.
Extra money for anything life brings your way
Home Equity Loans are often used for home improvement projects. But that's only one option. You can also use funds to buy a boat, take a family vacation, pay college costs, launch a business venture or for anything else on your wish list. And if you simply need cash to cover unexpected expenses, that's fine, too!
- Minimum loan amount is $10,000 with an 80% maximum loan-to-value
- Competitive variable interest rates
- No application fee
- Often used to pay down higher interest loans or credit card balances
- The interest you pay may be tax-deductible — consult your tax advisor
So what's "equity" anyhow?
Put simply, it's a home's market value minus the remaining mortgage balance. A home worth $300,000 with $50,000 left on the mortgage has $250,000 in equity.