Home Equity Lines of Credit and Home Equity Loans
Put the equity in your home to work with a Home Equity Line of Credit or a Home Equity Loan.
What's the difference between a Home Equity Line of Credit (HELOC) and a Home Equity Loan?
A Home Equity Line of Credit is similar to a credit card. Withdraw funds as you need them to pay for expenses for your home, like renovations. A Home Equity Loan is a lump sum given to you immediately that you pay back over the course of the agreed upon terms.
Home Equity Line of Credit Calculator
Home Equity Loan Calculator
This calculator determines how your monthly debt payments would change if you consolidate your debt into one loan. Remember that debt consolidation can lower your monthly payments, but it can also increase the cost of debt over the life of the loan, if you increase the pay-off term significantly. Therefore, it may not make sense to consolidate loans that will be paid off in the near future. Talk to a banker for more information on your particular situation.
* Important Information About This Offer:
Home Equity Loans are subject to credit application, approval and acceptable appraisal and title search. Annual percentage rates will vary depending on credit history, loan amount, and loan terms. The home equity loan has a $150.00 loan fee. Programs and conditions are subject to change any time. Borrower-paid title insurance required on loans over $500,000.
**Borrower-paid title insurance required on loans over $500,000.