Home equity
Tap into your Home's Equity
As you pay down your mortgage and home values rise, you build equity — the part you truly own. Put it to work with a HELOC or fixed home equity loan.
What is home equity and how can it help you?
As you pay down your mortgage and home values rise, you build equity — the part you truly own. You can typically borrow up to 80–85% of your home's value, minus what you still owe.
Upgrade your home
Tackle repairs or start the renovation you've been considering — all while potentially adding long-term value to your property.
Consolidate debt
Roll high-interest balances into one simple payment to help you save on interest and improve your overall financial health.
Cover big expenses
Use equity for home repairs, education, or unexpected costs — often at a lower rate than other borrowing options.
How you build home equity over time
There are several ways to grow the equity in your home — some happen automatically, others you can accelerate.
Paying down your mortgage principal
Each payment reduces a portion of your loan balance, gradually increasing the share of the home you own.
Home value appreciation
If property values rise in your area, your home may be worth more than when you purchased it — increasing your equity without any extra payments.
Making extra principal payments
Paying more than the required mortgage payment reduces your loan balance faster, building equity ahead of schedule.
Completing home improvements
Certain renovations and upgrades may increase your home's appraised value, which can help grow your equity.
Estimate your equity payment
Choose your product and adjust the inputs to see estimated monthly payments.
Estimated credit limit
$160,000
Based on 85% LTV minus your mortgage balance
10-Year Draw Period
$507/mo
Interest-only payments
20-Year Repayment Period
$649/mo
Principal & interest
See how equity options stack up
Compare the two products side by side to find the right fit.
| Feature | Variable HELOC | Fixed Home Equity |
|---|---|---|
| Rate type | Variable (adjusts with market) | Fixed for life of loan |
| Disbursement | Draw as needed (revolving) | Lump sum at closing |
| Draw period | 10 years | N/A — one-time disbursement |
| Repayment period | 20 years | Up to 15 years |
| Best for | Ongoing or phased expenses | One-time large expense |
| Payment certainty | Varies with rate changes | Predictable every month |
Home equity FAQs
Common questions about accessing your home equity.
Ready to put your equity to work?
Submit your scenario now and a licensed loan officer will reach out to secure today's equity rate before it changes — no obligation, no pressure.