Does your home need some repairs? Could it do with a face-lift? You can add value to your home and do it affordably with a home equity loan. (If you need less than $20,000, an unsecured home improvement loan might be a good alternative. Ask us which is best for you.) Click here to see how affordable your home improvements could be.
What if you could lower your monthly payments by consolidating several higher rate loans and credit cards into one loan with a lower, fixed payment? A home equity loan can help you pay off debt faster, not to mention that the interest is usually tax deductible (consult your tax advisor). Click here to see how much you could lower your monthly payment.
Because you can usually deduct the interest, borrowing against your home is a popular option for helping to pay for college.
Loan vs. Line?
With a home equity loan, you borrow a specific amount at a fixed rate for a fixed period of time. Your monthly payments stay the same. With a home equity line of credit, you borrow only what you need when you need it. The rate is adjustable, so your monthly payments could vary.