Home Equity Loan Get the funds you need for a large expense – such as a major home improvement – or consolidate debt. Features & Benefits One lump sum when you get the loan Fixed monthly payment Fixed monthly rate Best rate for repayment by automatic transfer from your checking Interest charged on full loan amount Apply now Contact a loan officer Rates as low as 7.50 % APR As low as 7.50% APR ? Terms up to 20 yrs Available in terms of 5, 10, 15, or 20 years Home Equity Line of Credit Gain flexibility with recurring expenses, including home renovations or education-related costs. Features & Benefits Use as needed, up to approved credit limit Variable monthly payment Variable monthly rate Interest charged only on outstanding balance Apply now Contact a loan officer Intro rate for first 12 months 6.24% APR? After that the APR can range from 7.50% to 18% APR based on the Prime Rate and other criteria. Draw & repayment periods of 10 yrs Comes with a 10-year draw period and 10-year repayment period. Compare Home Equity Options Attribute to Compare Home Equity Loan Home Equity Line of Credit Best for Best for Large expenses, like a major home improvement, or you want to consolidate debt Best for Recurring expenses, such as home renovation or home improvement costs Access to funds Access to funds One lump sum when you get the loan Access to funds Use as needed, up to an approved credit limit Monthly payment Monthly payment Fixed amount Monthly payment Variable amount Closing costs Closing costs $0 Closing costs $0 Interest rate Interest rate As low as 7.50% APR ? fixed rate Interest rate Introductory rate of 6.24% APR? for the first 12 months and then after that, a variable rate ranging from 7.50% – 18% APR based on the Prime Rate and other criteria Interest charged Interest charged On the full loan amount Interest charged Only on the outstanding balance Loan amounts Loan amounts Borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $20,000 to $100,000; up to 85% for loan amounts from $100,000 to $175,000; up to 80% for loan amounts over $175,000.? Loan amounts Borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $20,000 to $100,000; up to 85% for loan amounts from $100,000 to $175,000; up to 80% for loan amounts over $175,000.? Terms available Terms available 5, 10, 15 or 20 years Terms available 10-year draw period and 10-year repayment period Home Equity Loan Resources See More Resources Home Equity FAQs Frequently asked questions about home equity loans. Home Equity Loan or Home Equity Line of Credit: Which is Best for You? Unlock the potential in your home by getting to know your home equity options. Understand the difference between an home equity loan and a home equity line of credit, or HELOC, learn how they work, and decide which option is best for you. Home Improvements that Pay Off What improvements will increase your home value when selling your house? Check out our list of easy home updates that will help your home stand out when buyers tour your house.
Compare Home Equity Options Attribute to Compare Home Equity Loan Home Equity Line of Credit Best for Best for Large expenses, like a major home improvement, or you want to consolidate debt Best for Recurring expenses, such as home renovation or home improvement costs Access to funds Access to funds One lump sum when you get the loan Access to funds Use as needed, up to an approved credit limit Monthly payment Monthly payment Fixed amount Monthly payment Variable amount Closing costs Closing costs $0 Closing costs $0 Interest rate Interest rate As low as 7.50% APR ? fixed rate Interest rate Introductory rate of 6.24% APR? for the first 12 months and then after that, a variable rate ranging from 7.50% – 18% APR based on the Prime Rate and other criteria Interest charged Interest charged On the full loan amount Interest charged Only on the outstanding balance Loan amounts Loan amounts Borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $20,000 to $100,000; up to 85% for loan amounts from $100,000 to $175,000; up to 80% for loan amounts over $175,000.? Loan amounts Borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $20,000 to $100,000; up to 85% for loan amounts from $100,000 to $175,000; up to 80% for loan amounts over $175,000.? Terms available Terms available 5, 10, 15 or 20 years Terms available 10-year draw period and 10-year repayment period
Home Equity Loan or Home Equity Line of Credit: Which is Best for You? Unlock the potential in your home by getting to know your home equity options. Understand the difference between an home equity loan and a home equity line of credit, or HELOC, learn how they work, and decide which option is best for you.
Home Improvements that Pay Off What improvements will increase your home value when selling your house? Check out our list of easy home updates that will help your home stand out when buyers tour your house.