A home equity term loan is great for those larger home improvement projects. Currently, fixed rates are offered on a variety of terms to make payments meet most any budget. You get the added security of knowing your rate will not go up during the term of the loan.

Home equity loans can be used for so much more than home improvements. Many use this type of installment loan to pay for college expenses, weddings, travel or even to consolidate higher rate debt. Your interest may be tax deductible, but consult your tax advisor to determine your specific tax situation.

Home equity loans include:

  • fixed interest rates.
  • no prepayment penalty.
  • under the right circumstances, longer terms available.

Looking for a Home Equity Line of Credit (HELOC)? Learn about HELOCs here.

We offer free consultation — Let us help you find ways to meet your goals and budget.

All loans are subject to credit approval. Certain fees and restrictions may apply. NMLS #417480.