Home Equity Lines & Loans

Borrowing from the equity in your home is a great way to pay off high-interest debt, make home improvements, pay tuition, or provide a source of funds for unforeseen or emergency expenses.

Featuring low interest rates, little or no closing costs, and potential tax advantages, a Home Equity Line of Credit or a Home Equity Loan are both great options for homeowners. Which option works best for you?

Home Equity Borrowing Options

Accessed as needed, a Home Equity Line of Credit provides a 10-year window to draw funds for use as needed, followed by a 15-year repayment period. During the 10-year draw period, borrowers are required to make interest only payments, which is helpful for cash flow and budgeting.

  • Flexibility to access line as needed
  • Interest-only payments
  • Potential tax advantages*

Current HELOC Rates >
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*Consult a tax advisor to determine your situation

A Home Equity Loan is a fixed rate, fixed-term installment loan. Regular principal and interest payments are required each month. Home Equity Loans are a great way to refinance a higher interest first mortgage given the low rates and little or no closing costs.

  • Fixed rate and fixed monthly payments ideal for budgeting
  • Great option for refinancing a first mortgage
  • Potential tax advantages*

Current Home Equity Loan Rates >
Contact Our Residential Lending Team >
Apply Online >

*Consult a tax advisor to determine your situation