If you’re a homeowner, you can use the equity you have built up in your home to secure possibly the lowest-rate financing available. And, whether you select a variable-rate Home Equity Line of Credit or a fixed-rate Home Equity Loan, the interest may be tax-deductible (check with your tax advisor).
Home Equity Line of Credit
A Home Equity Line of Credit could be the most flexible and affordable solution for financing the important things in life – from a new car, to college tuition, to your daughter’s wedding. It makes borrowing as easy as writing a check. Best of all, you pay nothing for your home equity line* until you use it! (*A minimum line of $10,000 is required.)
Home Equity Loan
If you’d prefer a fixed interest rate and fixed monthly payments, you’ll want to consider a Home Equity Loan. The rates are competitive and you’ll find a choice of repayment terms to meet your needs.