The loan that works like a checkbook
Did you know your home can be a source of collateral when you need cash? And because we’re local, our home equity lines of credit (HELOCs) are flexible and accessible. We’ll sit down and talk through your best-fit option — and take you from application to closing.
You can use a HELOC to:
- Consolidate high-interest credit cards and loans
- Remodel or improve your home (loan for home improvement)
- Fund a college education
- Pay for a wedding
- Go on that dream vacation
- Help you plan for the unexpected
- And so much more!
HELOC rates today
Loan Calculator
HELOC vs. home equity loan
Our lenders have decades of experience in both HELOCs and home equity loans. Here are the differences between the two:
| Home Equity Line of Credit | Home Equity Loan | |
|---|---|---|
| No annual fee |  |
|
| Usually lower fees than traditional mortgages | |
|
| Interest rate moves with Wall Street Journal prime rate when it is due to adjust | |
|
| Interest rate has a fixed period and then adjusts every year | |
|
| Interest-only payment | |
|
| Principle payment or reduction in every payment | |
|
| Withdraw funds as needed, and once you pay it back, it becomes available again | |
|
| Lump-sum disbursement (i.e., you get all the cash right away) | |
|
| Interest is tax-deducible* | |
|
| Use home collateral | |
|