Home Equity Loan (HELOAN)

A home Equity loan is a lump sum loan, based on your home's equity, with a set monthly payment. A home equity loan may be right for you if you prefer the stability of a fixed rate loan with a set monthly payment over a fixed term. With a home equity loan, you get the entire amount up front, which is good for large single investments or expenses. Enjoy:

  • Competitive fixed rates
  • Secured by the equity in your home
  • Loan amount is based upon a percentage of your LTV (loan-to-value) for qualified borrowers
  • Distributed in one lump sum
  • Payment options with a variety of terms
  • Interest may be tax deductible (consult your tax adviser)