Fixed Rate Home Equity Loans:A Fixed Rate Home Equity loan is the ideal way to borrow when a steady monthly payment works best for you. It can be used for major purchases like a car, boat, a second home, or to consolidate bills. There is no prepayment penalty, and interest may even be tax deductible!*
Home Equity Line of Credit:
Establishing a Home Equity Line of Credit is like having the money right in your checking account! You can use it whenever and for whatever you need—from home improvement to education or even your dream vacation. Not only is it a convenient way to fund ongoing expenses, but it can also be more cost-effective than other types of loans.
*Consult a tax advisor regarding the deductibility of interest.