Equity Lines & Loans

Leverage the equity in your home for your financing needs.

 

Key Benefits:

• Use your home equity loan to consolidate bills, pay for home improvements, or fund large purchases.
• Borrow only the money you need and have a set repayment schedule with fixed, predictable payments.

 

Borrowing Basics

• How Much?
  Borrow what you can comfortably afford, not the amount you qualify for.

• Debt to Income Ratio
  Your monthly payments divided by your total income is your DTI. The lower your DTI, the more likely it is your loan will be approved.

• Credit Score & Interest Rate
  The higher your credit score, the lower your interest rate could be.

• Fixed vs. Variable Rate
  Fixed rate loan payments remain the same throughout the life of the loan. Variable rate loans are tied to a market index, so rates and payment amounts could vary over time.