Home Equity Options
Thinking about a home makeover or finally ready to book that dream vacation? Whatever’s on your list, a home equity loan can help turn your plans into reality.
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Home Equity Options
Thinking about a home makeover or finally ready to book that dream vacation? Whatever’s on your list, a home equity loan can help turn your plans into reality.
Find the Right Home Equity Option for Your Goals
Home Equity Loan
With fixed rates and predictable payments, our Home Equity Loan offers a straightforward way to fund major projects with confidence.
Home Equity Line of Credit
Our HELOC offers flexible access to funds as you need them, using the equity in your home as collateral. It’s a convenient solution for ongoing or unexpected expenses, with competitive rates and repayment terms that adjust to fit your needs.
Home Equity Loan | Home Equity Line of Credit | |
|---|---|---|
| Ideal Uses | One-time or short-term expenses | Ongoing or seasonal expenses |
| Common Examples | Major life events, home remodel projects, debt consolidation, and more! | Recurring expenses like education, major home improvements, emergency reserve, and more! |
| Collateral | Uses existing home equity | Uses existing home equity |
| Access to Funds | Lump sum at closing | Withdraw as needed via the branch, phone, online transfer, or check |
| Repayment Terms | Fixed payments with set schedule | Flexible payments based on usage |
Home Equity Loan
| Ideal Uses | One-time or short-term expenses |
|---|---|
| Common Examples | Major life events, home remodel projects, debt consolidation, and more! |
| Collateral | Uses existing home equity |
| Access to Funds | Lump sum at closing |
| Repayment Terms | Fixed payments with set schedule |
Compare Accounts
Home Equity Line of Credit
| Ideal Uses | Ongoing or seasonal expenses |
|---|---|
| Common Examples | Recurring expenses like education, major home improvements, emergency reserve, and more! |
| Collateral | Uses existing home equity |
| Access to Funds | Withdraw as needed via the branch, phone, online transfer, or check |
| Repayment Terms | Flexible payments based on usage |
Compare Accounts
How to Get Started
Taking the First Step Is Simple
We’re here to help you move forward with confidence.
- Start a video call with our local home equity experts today.
- Apply online for a HELOC. When prompted, choose “Cash-Out Refinance” as the purpose of your loan.
- Call us at 423-634-3600 with any questions or to request more information.
Frequently Asked Questions
Both the Home Equity Loan and HELOC use the existing equity in your home as collateral to secure the loan.
The interest paid might be tax deductible. Please consult your tax advisor for details specific to your situation.
We provide local Tennessee Valley decision-making and processing with personalized service from our lending experts to help customize a loan or line of credit that fits your lifestyle.
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