Home Equity

Don't let the equity in your home just sit there, put it to work.

Tap into your home's value to access funds when you need it the most.

Use your home's equity for

Travel - Take that dream trip you've been eyeing. Whether that means a month sailing around the world or a month following your favorite sports team on the road, it's time to make that dream a reality.
Home Remodel - Don't change your address, change the atmosphere. Home equity is a popular way to fund renovations and major home projects such as kitchens and pools.

Major Life Events - You don't have to go into debt to fund your child's education or even their wedding. Major life events are the perfect use for your home's stored equity.
Pay Off Higher Interest Debt - If you are carrying balances on student loans, credit cards or personal lines of credit, consolidating and paying them off could save you money and headaches in the long run.

Home Equity Options

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Home equity loan
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Home equity line of credit (HELOC)
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Equity2Work Loan Program

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Equity2Work is a loan program designed for clients who specifically want to remodel their current home. The loan program is perfect for people who are new to their homes or don’t have as much equity as would be preferred for a Home Equity Line of Credit (HELOC) or Home Equity Loan. Equity2Work lets you turn your current home into your dream home with the added benefits of a one-year construction window and make interest-only payments on funds as they are disbursed.
Learn More
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Calculate The Equity in Your Home

Compare the differences between a home equity loan and a home equity line of credit.

Frequently Asked Questions (FAQs)

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What is home equity?
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How do I calculate my home equity?
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How much home equity can I borrow?
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Which is the better option? A home equity line of credit or a home equity loan?

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Determining whether a home equity line of credit (HELOC) or a home equity loan is the better option for you depends on your needs and repayment goals. A HELOC provides ongoing access to funds with flexible repayment options. A home equity loan is an installment loan that provides a one-time disbursement of funds at a fixed rate. Before making a decision, be sure to compare the differences between a HELOC and home equity loan.
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Is interest paid on a home equity loan or a home equity line of credit (HELOC) deductible?

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It depends.
For tax years 2018 through 2025, if home equity loans or lines of credit secured by your main home or second home are used to buy, build, or substantially improve the residence, interest you pay on the borrowed funds is classified as home acquisition debt and may be deductible interest on your taxes, subject to certain dollar limitations. However, interest on the same debt used to pay personal living expenses, such as credit card debts, is not deductible. Please be sure to consult your tax adviser regarding your tax deductibility.

Disclosure

View our Fair Lending Policy statement. »

Loan programs subject to change without notice and cancellation at any time. Actual qualification is subject to verification and approval of income, credit, property appraisal and other factors. Additional fees, terms and conditions may apply. Other rates and terms are available. Please consult your tax adviser regarding tax deductibility.

This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this material.