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Just a reminder that our offices will be closed on Monday, May 27th in observance of Memorial Day. Thank you!
Home Equity Loans and Lines of Credit
If you are in need of financing for a major purchase such as a home renovation or debt consolidation, maybe one of our Home Equity Loan products is right for you. Both the Home Equity Loan and Home Equity Line of Credit allow you to tap into the equity of your home and borrow against its value.
Home Equity Loan
The Home Equity Loan is paid to you in a one-time lump sum at a fixed interest rate with fixed monthly payments.
Home Equity Line of Credit
The Home Equity Line of Credit works more like a credit card, allowing you to draw funds as you need them and repay the money at a variable interest rate. This is good for smaller projects and expenses that arise in life. You only pay interest on the money you use.
Read this article to learn more about how a HELOC works and how it is different than a Home Equity Loan.
Contact our Loan Department at (215) 634-4621 to talk about how a Home Equity Loan or Home Equity Line of Credit could be beneficial to you.
Download the Home Equity Loan or Home Equity Line of Credit application here.