Home Equity and HELOC loans allow you to borrow money using the equity in your home to pay for home renovations, consolidate debt, pay for educational expenses, and more! Home Equity Lines of Credit (HELOC) are credit lines that allow you to borrow when you need it and in the amounts you need. Home Equity Loans allow you to borrow a lump sum of predictable monthly payments.
| Type | Term | APR* as low as |
|---|---|---|
| Variable - 80% Loan-to-Value | 10-year draw period; 15-year repayment |
8.50% |
| Variable - 90% Loan-to-Value | 10-year draw period; 15-year repayment |
9.25% |
*APR = Annual Percentage Rate. Rates may vary, based on term, credit history, collateral, and whether this loan will serve as a first or second lien. Variable rates are tied to market index (or prime rate), not to exceed 18.0% APR. Minimum initial credit advance required based on credit limit. | ||
Learn everything you need to know about the process and be confident in your decision.
A Mortgage specialist will assist you every step of the way.