Home Equity
HELOC
A home equity line of credit (HELOC) is a form of revolving credit that allows you to borrow from the equity in your home. As allotted funds are used and repaid, they become available again for the remainder of the draw period. This lending option can be used to finance home improvements, tuition payments, consolidate debt, and more.
Features
- Low interest rate
- Revolving credit - use it when you need it
- No points
Home Equity Loan
If there is a significant expense that you need to cover, a home equity loan can support your financial need. By borrowing against your home’s accumulated equity, you won't disturb other savings or investments. Provided as a one-time lump sum, this lending option can help you afford house renovations, medical expenses, and more.
Features
- Low, fixed interest rate
- Fixed term
- Fixed payment
- No points