Home equity loans allow you to borrow against the value of equity in your home. You can borrow large amounts of money and qualify easier because the loan is secured by your home. You get options to lower rates than credit cards and may qualify for tax deduction on the interest payments.
Features of Home Equity Loans
- Potential tax advantages
- Consistent repayment for the life of the loan
- Ability to consolidation other higher-rate debts
- Flexibility to pay for large planned or even unexpected expenses
- Low competitive rates and fees
- Easy access to funds
The payments will depend on your financial situation and the current market interest rates.
If you are interested, please give us a call and we’ll connect you to one of our licensed officers.