Tap into the money you’ve already invested in your home to cover life’s major expenses.
Get the funds you need for a large expense – such as a major home improvement – or consolidate debt.
Features & Benefits
As low as 5.00% APR 1
Available in terms of 5, 10, 15 or 20 years
Gain flexibility with recurring expenses, including home renovations or education-related costs.
After that the APR can range from 3.75% to 18.00% APR based on the Prime Rate and other criteria.
Comes with a 10-year draw period and 10-year repayment period.
Large expenses, like a major home improvement,
or you want to consolidate debt
Recurring expenses, such as home renovation
or home improvement costs
One lump sum when you get the loan
Use as needed, up to an approved credit limit
As low as 5.00% APR1 fixed rate
Introductory rate of 1.99% APR1 for the first 12 months and then after that, a variable rate ranging from 3.75%– 18.00% APR based on the Prime Rate and other criteria
On the full loan amount
Only on the outstanding balance
Borrow up to 90% of the appraised value of your home, less the balance of your first mortgage, from $20,000 to $100,000; up to 85% for loan amounts over $100,000
5, 10, 15 or 20 years
10-year draw period and 10-year repayment period