Your home is probably your biggest asset and when you need access to cash, borrowing against it is quick, easy and safe.
If you have home improvement projects, a large one-time expense or you want to consolidate your debt, consider a home equity loan.
Access to Cash
With a home equity loan, you get a loan for a set amount of money, repaid over a set period of time that uses the equity of your home as collateral.
You receive a single lump sum at a fixed rate that is usually lower than what you would pay on a personal loan. You might also consider a home equity line of credit which works in a similar fashion except rather than one lump sum, you borrow only what you need up to a cap at an adjustable rate.
Either way, both are great options to leverage the equity you have in your home to get access to cash.
Talk to us to see what’s best for you.