Are you looking for a way to consolidate your debt at a lower interest rate or remodel your kitchen? Using the equity in your home might be the solution! Your home equity is the value of your home minus any current mortgage debt you owe. Use this amount to secure a fixed rate loan or a variable rate line of credit.
Closing costs for home equity loans are low, and the interest rates are normally much more favorable than a credit card or personal loan.
There are many different ways to utilize the equity in your home including fixed terms and rates or a line of credit with a variable rate.