Home Equity Loan
Use the value of your home to help you fund other big purchases such as cars, boats, or even home improvement projects.
Apply NowFeatures of a Home Equity Loan
Equity is the portion of your home that you truly “own.” It grows as you get closer to paying off your home. It can be used for:
- Cars, boats or recreational vehicles
- Weddings
- Home improvements and countless other things
Also known as a “second mortgage,” a home equity loan is backed by the value of your home.
Home Equity Lines of Credit (HELOC)
Similar to a credit card, a home equity line of credit is an ongoing source of funds. However, it is backed by the value of your home and usually offers a much lower interest rate than a credit card.
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