Loans

Which Home Equity Option is Right for You?

Make your home work for you! A Home Equity Line of Credit and a Home Equity Loan will both let you do that. And with either one, the interest may even be tax deductible—consult your tax adviser. But how do you choose what’s right for you?

Home Equity Line of Credit. This flexible, variable-rate line of credit sets aside money for you and lets you use it whenever you need it. And you only make payments on what you use. So it’s perfect for open-ended expenses like home improvements or college costs.

Home Equity Line of Credit Calculator. Estimate the Home Equity Line of Credit you qualify for using this handy calculator.

Home Equity Loan. With this fixed-rate loan, you get the entire amount up front and lock in a fixed interest rate. That way, you always know what your monthly payment will be. It’s a great way to consolidate your debt or tackle a major expense, like a new roof.

Both kinds of Home Equity offer:

• Competitive rates
• Low closing costs and no application fees or annual fees
• Quick closing
• Up to 90% loan-to-value financing

Home Equity Loan Calculator. Use this calculator to estimate the amount of loan you qualify for. Contact us to find out more about rates and monthy payments.

Check our current home equity rates.

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