Home Equity Loans

Tap into your equity for convenient cash

Your home is more than a place to live. It can also be a source of cash if you need to use it elsewhere. And we’re local, which means we 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 home equity loan 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!

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Home equity loan rates

Loan Calculator

Home equity loan vs. HELOC

Our lenders have decades of experience in both home equity loans and home equity lines of credit (HELOCs). Here are the differences between the two:

Comparison table of Home Equity Loan vs. Home Equity Line of Credit
  Home Equity Loan Home Equity Line of Credit
No annual fee Yes Yes
Usually lower fees than traditional mortgages Yes Yes
Interest rate moves with Wall Street Journal prime rate when it is due to adjust Yes Yes
Interest rate has a fixed period and then adjusts every year Yes  
Interest-only payment   Yes
Principle payment or reduction in every payment Yes  
Withdraw funds as needed, and once you pay it back, it becomes available again   Yes
Lump-sum disbursement (i.e., you get all the cash right away) Yes  
Interest is tax-deducible* Yes Yes
Use home collateral Yes Yes
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