Home Equity

You want freedom? You want to make dreams come real? Or maybe you've encountered an emergency that needs cash? A home equity line of credit is a great way to get that cash without refinancing.

Look, if you've owned a home for the past several years, it's likely appreciated in value (six percent a year on average; in some areas a lot more). A home equity line of credit allows you to turn that appreciation into cash. Use it to remodel your home, consolidate high-interest debt, purchase the car of your dreams, pay for tuition. The appreciation is yours; and so is the cash. Use it to simplify, enhance, or change your life.

EquityEdge line of credit. Use it when you want, for what you want. Credit lines range from $10,000 to $500,000. But you only pay interest on the amount you draw from the pool of available funds.

EquityEdge second mortgage. Tap into the maximum available credit right up front. Then spread the low payments over many years.

125%LTV. With good credit, you can borrow up to 25 percent above and beyond the home's purchase price. If it's a new home, that extra will come in handy for landscaping, upgrades and appliances. If it's an existing home, you can add to or upgrade the place just the way you like it.