Your home equity could be the key to your financial freedom or turning your house into the home of your dreams. A home equity loan (HELOAN) or home equity line of credit (HELOC) gives borrowers the flexibility to borrower draw as needed to take a lump sum. Fixed rates and adjustable rates options available.
A HELOC is a line of credit, secured with your home equity. This type of loan is a great option if you need flexible options for future funds.
A home equity loan is a fixed term loan that is secured by your home equity. This type of loan is perfect if you need a lump sum and don't need access to additional funds in the future.