|Home Equity Loan & Equity Line
Put the value of your home to
work for you with a Home Equity Loan or an Equity
Loan Comparison Chart
Use the Equity in your home for:
Debt consolidation is one of the number one reasons
people borrow against their home equity. This
can be a wise money management decision if you
have credit card and other high interest-rate
- Potentially reduce your monthly payments1
- Simplify finances, one payment instead
of many smaller ones1
- Possibly deduct interest on your taxes2
The equity you have built into your home can be
used to make a wide range of home improvements.
- Build a new addition
- Upgrade the fixtures and appliances
- Increase the resale value of your property
College Tuition and Expenses
Your home’s equity can be a helpful resource for
financing your child’s education, especially when
college grants and loans are not an option or
you have more than one child to put through school.
Use one of our calculators
to determine how big of an equity line you can
For more information on Personal Finance Options,
here to send us your questions, or contact
us at 1-800-946-4178.
All loans subject to approval and acceptable
property valuations, if applicable.
1 Refinancing pre-existing debt
with a home equity loan or line may increase the
total number of monthly debt payments, as well
as the aggregate amount paid by a borrower over
the term of the mortgage loan.
2 Consult your tax advisor regarding
deductibility of interest.