Home Equity Line of Credit <top of page>
A line of credit is the most popular way to
borrow money from your home. You can borrow the money, pay it back, and
borrow it again without having to take out a new loan! This is great for
paying off bills, adding on to your home, or for making a big purchase
such as buying a new car.
Home Equity Loans
Traditional home equity loans are for fixed
periods of time and you can only borrow the money once. The best part is
they often come with fixed rates so you do not have to worry about
market fluctuations. You can also borrow 125% of the value of your home
if you have good credit!