Home Equity Loans & HELOCs
Use the equity in your home for almost any purpose: debt consolidation, home improvements, tuition, or a long-overdue vacation. A home equity line of credit lets you keep your current first mortgage and borrow against your equity as you need it.
How a HELOC works
- A second mortgage that works like a credit line: draw what you need, when you need it
- Pay interest only on what you use during the draw period
- Rates are usually variable, though some lenders offer fixed-rate options
- Your home is the collateral
Other ways to use your equity
- Home equity loan - one lump sum with a fixed payment
- Cash-out refinance - replace your first mortgage with a larger one
How to apply
Start your secure online application. A loan officer will review your goals and compare equity options from our lenders. Please don't send income, date of birth or Social Security details by email or web form; the secure application handles that.