A home equity loan or line of credit is one of the few loans on which the interest paid may be tax-deductible*. Other benefits of a loan secured by the equity in your home are the low interest rates available and the amount of money you can borrow whenever you need to. With interest tied to the Prime Lending Rate, the Home Equity Line of Credit is a good way to pay for specific things such as home improvements, education, bill consolidation or a new car.
A Home Equity Line of Credit is our most flexible kind of loan. It's a great way to pay for recurring expenses like tuition or to use in an emergency.
Subject to Credit Approval
*Consult a tax advisor regarding the deductibility of interest.