Get Started!
spacer
spacer
spacer
spacer

Home Equity Loans

That Fit

Almost Any Situation

  spacerHelp & Advice
spacer
1-800-788-4498
spacer
spacer
Expert loan consultants are available nights and on weekends for your convenience.
spacer

spacer

spacer
  spacerTools & Resources
spacer
  • Mortgage Basics
  • The Loan Process
  • Mortgage Glossary

Call Today! 1-800-788-4498

Employee Login

Your home equity is the difference between what you owe on your mortgage (and on any other home loans) and the market value of your home.  You build equity as that difference grows —when you repay mortgage principal to decrease the amount you owe, or when your home’s value increases. 

You can borrow against that equity when you need cash, using either a home equity loan or a line of credit.  Both offer a number of advantages over other types of financing, including:

red star
red star
red star
red star
red star
red star

 

 

 

Comparing Home Equity Loans and Credit Lines


Home Equity Loan


Home Equity Line of Credit

What you get

A single lump-sum payment for the full loan amount

A revolving source of cash that you can draw from as needed

How you use it

To finance large one-time expenses that have a definite cost 

To finance ongoing expenses or  miscellaneous purchases, like you would use a credit card

How you pay it back

Repay the full loan amount over a specific time period, at a fixed interest rate

Make payments on the outstanding balance, at a variable interest rate

Benefits

It offers simple repayment terms, and the security of knowing your payments will never increase.

It’s there when you need it, and you only make payments on what you use.