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Home Equity Loan or Line of Credit?
Compare a home equity loan and home equity line of credit to see which borrowing option may better fit your financial needs.
Not Familiar With Some of These Terms?
A loan that allows you to borrow a lump sum using the equity in your home and repay it through scheduled payments over a set term.
A revolving line of credit that allows you to borrow against your home’s equity as needed, up to an approved credit limit.
An interest rate that remains the same over the life of a loan, providing predictable payments throughout the repayment period.
An interest rate that can change over time based on market conditions, which may cause your payments and borrowing costs to increase or decrease.
Make More Informed Decisions About Your Home Equity
Explore Home Equity Options
Whether you’re planning a home improvement, consolidating debt, or preparing for a major expense, explore ways to put the equity in your home to work.
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Connect with an IncredibleBank banker to discuss your goals, ask questions, and explore home equity options that fit your needs.
See our current home equity rates and explore borrowing options that can help you make the most of your home’s equity.
Ready to move forward? Start your application and take the next step toward putting your home’s equity to work.
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Find an IncredibleBank location near you and connect with our team for personal guidance on your home equity options.