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