Equity Lines & Loans

  1. Personal Account
  2. Borrow
  3. Equity Lines & Loans

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.