If you have equity in your home and need to borrow money for home renovations or major purchases, a Home Equity Loan or Equity Line of Credit could meet your needs very well. With a home equity loan or equity line of credit, you pay a lower interest rate than a normal personal loan and you can repay the loan over a longer period of time so your monthly payments can be easier to handle.

All Home Equity Loans and lines of credit can be repaid at any time without penalty.