Turn Home Equity Into Cash-Saving Goldmine Today

Home Equity Loans

A home equity loan provides a lump sum of money with a fixed interest rate, making it an attractive option for those who prefer predictable monthly payments. This type of loan is ideal for financing large expenses, such as a major home renovation or paying off high-interest debt. The interest paid on a home equity loan may also be tax-deductible, adding an additional financial benefit¹.

Home Equity Lines of Credit (HELOCs)

Unlike a home equity loan, a HELOC offers a revolving line of credit that you can draw from as needed, similar to a credit card. This flexibility makes HELOCs a popular choice for ongoing expenses or projects with uncertain costs. HELOCs typically have variable interest rates, which can fluctuate over time, so it's important to understand the terms and potential rate changes².