As the owner of a home with equity, a Home Equity Loan or Line of Credit may be ideal to help you fund major purchases, consolidate debt or finance a college education.
Home Equity Loan
Home Equity Line of Credit
|Perfect for||When you need access to funds for a large expense, such as funding a major purchase or consolidating debt||When you need to remodel your home, consolidate debt or finance a college education|
|Loan maximum||Up to 90% of appraised value||Up to 90% of appraised value|
|Terms||Up to 180 months||Up to 180 months|
|Pre-payment penalty||None||$300 if closed within a two-year period|
|Appraisal||May be required||May be required|