Home Equity Financing
After you’re settled into your home, it won’t be long before you can take advantage of two great financing options that will provide the money you need for major purchases or home improvements:
Fixed-Rate Home Equity Loan*
Borrow a lump sum for major expenses using the equity you have built up in your home. Pay it back with a fixed rate and fixed monthly payments for the life of the loan. There may be tax advantages, too, so be sure to check with your financial advisor.
Home Equity Line of Credit*
Borrow up to a predetermined limit by simply writing a check when you need the money, and pay nothing until you do. Check with your financial advisor about possible tax advantages.