Home Equity

What is Home Equity?

This type of loan allows you to borrow against the equity in your home. The loan amount is based on the balance due on your mortgage, and your home’s current market value.

You can borrow a lump sum with a fixed-rate home equity loan, or go with a variable-rate home equity line of credit, and withdraw funds as you need them.

One loan for multiple goals, you can use the money to fund a big vacation, college tuition, buy a new car, or consolidate other debt.

Use the calculator to determine how much equity you have in your home.

Fixed-Rate Home Equity Loans

With a home equity loan, you will receive a lump sum, and make regular monthly payments at a fixed interest rate.

Variable Rate HELOC

With a home equity line of credit (HELOC) you can withdraw funds as you need them and make fluctuating monthly payments at a variable interest rate.

Home Equity Loan Rates

Term APR*
1-5 Years As low as 6.49%
6-10 Years As low as 6.74%
11-15 Years As low as 6.99%

*APR = Annual Percentage Rate

Heloc Rate

APR*
As low as 8.50%**

*APR = Annual Percentage Rate

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