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
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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.