Home Equity Loans
A home equity loan lets you borrow money using the equity in your home. Equity is the value of your home minus what you still owe on your mortgage. If your home is worth more than what you owe, you can use that value to access cash.
What Can You Use It For?
- Renovations or home upgrades.
- Consolidating high-interest debt.
- Helping a family member with a down payment.
- Covering tuition, travel, or large expenses.
- Emergency funds or investments.
How It Works?
- You borrow a lump sum using your home’s equity.
- You pay it back over time, usually with a fixed interest rate.
- The loan is separate from your mortgage, but tied to your home.
Why People Use It?
- Lower interest rates than credit cards or personal loans
- Larger borrowing amounts (depending on your equity)
- Predictable payments if the loan is a fixed-rate loan
- Covering tuition, travel, or large expenses.
- It can be a smarter way to borrow, using your home’s value
Want to Know How Much You Can Borrow?
Use our Home Equity Loan Calculator to estimate how much you could access based on your home's value. Or book a free consultation and we'll walk you through your options — no obligation.
