Home Equity Term Loan
A Home Equity Term Loan allows you to use the equity in your home to borrow money at a fixed rate for a fixed term. Home Equity Loan rates are lower than most credit card rates and the interest you pay may be deductible on your income taxes.*
If you’re looking for a low-cost, fixed rate loan, consider these important Home Equity Loan features:
- Low, fixed rate.
- Longer repayment terms than on most unsecured loans.
- Lower monthly payments than other types of loans.
- Fixed monthly payment makes budgeting simple.
- Flexible repayment terms.
Use the funds to consolidate high interest debt, make home improvements, make major purchases – anything you’d like.
*See your tax advisor as to deductibility of interest and charges. Loans are subject to credit approval.