Home Equity Loans
A Home Equity Loan1 utilizes the equity in your home as collateral. Like a traditional loan, a Home Equity Loan provides a specific amount of borrowed funds. If you anticipate needing a one-time lump sum, a Home Equity Loan might be the ideal choice. Its primary advantages include a conventional loan structure and a payment plan.
The loan amount is contingent upon your home's value and the available equity. However, it's essential to recognize that your home is collateral, posing a risk if its value declines or your income experiences disruption.
If you meet the eligibility criteria and maintain financial stability, a Home Equity Loan can be beneficial and cost-efficient, allowing you to maximize your home's value.
Contact a Personal Banker About a Home Equity Loan
Please fill in the below form*, and a personal banker will contact you within 24 hours, Monday through Friday, to help you with your request.