Home Equity

Put your home’s equity to work for you.

If you are a homeowner and you’ve been making monthly loan payments, you have been building what is known as “equity” in your home. Even though you still owe money on the loan, you continue to build more actual ownership of your home with each payment.

That means you have collateral to use toward an additional loan if you should need what is sometimes called a “second mortgage” to use toward paying for a high-ticket item like wedding expenses, a once-in-a-lifetime vacation opportunity or perhaps to make some home improvements.

There are two different types of equity products you can use: