Built around your life
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Finance big purchases
Use your HELOC to plan a dream vacation or pay for a wedding.
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Consolidate debt
Combine higher-interest loans into a single interest payment.
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Reinvest in your home
Add more space, which can also increase its value.
Check your home equity
Estimate available equity based on your home value and mortgage balance.
Calculate your HELOC payment
Convert home equity into cash
Get up to 90%¹ of your home’s value in one lump sum with a home equity loan.
Disclosures
190% Loan-to-Value (LTV) is subject to credit approval, income verification, and property appraisal. The maximum LTV may vary based on credit score, property type (primary residence vs. investment), and total debt-to-income ratio. Loan-to-Value (LTV) Calculation: To determine your maximum borrowing limit, we calculate 90% of your home's current appraised value and subtract your existing first mortgage balance. The 90% Math Example:
- Home Appraised Value: $600,000
- 90% LTV Limit: $540,000
- Minus Existing Mortgage Balance: –$400,000
- Available Home Equity Loan: $140,000
Additional Terms:
- Lump Sum: Unlike the Home Equity Line of Credit (HELOC), which allows for multiple withdrawals, the HE Loan provides a one-time payout at closing.
- Fixed Payments: Most Home Equity Loans feature a fixed interest rate and fixed monthly payments for the duration of the loan term.
- Fees & Insurance: Closing costs, appraisal fees, and title insurance may apply. Homeowners' insurance is required, and flood insurance may be required depending on location.
- Tax Advice: Interest deductibility may be limited. Please consult a tax advisor for details on your specific situation.
- All loans are subjected to qualification. Terms, Conditions, and Restrictions apply. Contact us for additional details.
- Annual Percentage Rate (APR) is variable and may change after account opening. APR is based on an index plus margin.
