FOR HOME BUYERS
Home Equity Loan: Tap Into the Value of Your Home
A Home Equity Loan lets you borrow a lump sum from your home’s equity while keeping your existing first mortgage. It’s perfect for large expenses like home improvements, debt consolidation, or education.
Key Benefits:
Keep Your First Mortgage
Avoid refinancing at a higher rate.
Fixed Interest Rate
Predictable monthly payments.
Large Loan Amounts
Borrow $45,000 to $500,000+
Use for Any Purpose
Renovations, tuition, emergencies, etc.
Guidelines for this Loan
If your details are close to these guidelines, we encourage you to apply or contact us. Even if you don’t qualify for an adjustable-rate mortgage, we could have other options for you.
Estimate and Explore
Calculators are a great way to learn and see what’s possible.
Down Payment Calculator
Learn how much cash you need to buy the home in your mind.
Get More In-Depth Details
Articles that give you more information about this loan and explain how mortgages work.
Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
Will This Affect My Current Mortgage?
No. This is a second loan. Your original loan remains intact.
Can I Deduct the Interest?
Yes—if used for home improvements. Check with your tax advisor.
What Can I Use the Funds For?
Anything: renovations, tuition, debt payoff, or emergency expenses.
Is a Home Equity Loan Better Than a HELOC?
If you want a fixed rate and lump sum, yes. A HELOC offers more flexibility.
Does It Impact My Credit?
Yes, like any loan. On-time payments may help your score.
