Home Equity Loan
- Borrow up to 85% of the equity you have in your home
- Fixed rate and closed-end term gives you the same payment over the life of the loan
- Allows you to use equity, or value in your home as collateral
- Great for debt consolidation
- Rates are typically lower than other credit cards or personal loans, which could mean lower monthly payments
- Perfect for home improvements or remodels
- Can also be used for tuition, a new vehicle, or other large purchases
- Interest payments may even be tax deductible (see your tax representative)
- Terms available up to 20 years
Home Equity interest
payments are generally
tax deductible. Consult your
tax advisor to find out if this
is the case for you.
