When you’re looking to borrow funds, a home equity loan or home equity line of credit (HELOC) both offer an affordable alternative to a personal loan. But which solution is right for you? Often, it depends on your borrowing needs and preferences.
You want to borrow a specific amount in one lump sum
You prefer the stability of an interest rate and payment amount that’s fixed for the life of the loan
You want to consolidate high interest credit card debt with a lower rate
You’d like to borrow only what you need at the time
You prefer flexible repayment options and don’t require a fixed monthly payment amount or rate
You’d like the ability to have funds available to you again, once you pay off your purchases
Take advantage of these special offers when you apply for a home equity loan, home equity line of credit, or mortgage before May 31, 2020!
$100 Home Depot Gift card with an approved application for a home equity loan or line of credit1
$200 off your mortgage closing costs2
1. Limit one gift card per household. Offers available and paid at closing with applications received through May 31, 2020. The $200 reduction in closing costs will be deducted from the settlement cost of a purchase transaction at the time of closing. Subject to credit approval.
2. Subject to credit approval. Terms and conditions apply and are subject to change. Check for details. Offers expire 5/31/2020.