Personal>Lending Solutions>Home Equity Loan

Home Equity Loan

Borrow from the equity in your home to finance projects or cover other expenses.

How it works: A home equity loan allows you to borrow a certain amount over a specific time period and repay with a set payment each month.

The lowdown:

  • Fixed rate of interest locked in for the life of the loan
  • Fixed monthly payment
  • Consult tax advisor regarding deductibility of interest

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