Use the equity in your home and have access to money for anything on your list like tackling home improvement projects, consolidating high-interest debt, financing education, or have an emergency fund ready when you need it.
- Anytime access to your money.
- Flexible payment options.
- No application fees.
Get started today!
You dream it and OptionLine can help you get it done.
Frequently Asked Questions
Home equity loans typically have a fixed interest rate, meaning the payment is the same each month; that makes them easier to factor into your budget.
Fixed-rate financing means the interest rate on your loan does not change. Variable-rate financing means the interest rate on your loan or line of credit can change throughout the life of the product. This rate change may be based on factors such as "prime rate" or another rate called an “index.”
LTV stands for loan-to-value. It is the total amount of liens on a property divided by its fair market value. LTV is one factor used to determine how much you’re eligible to borrow.
Under the new tax law, only certain interest is deductible. For example, money used to improve your home. Consult with your tax advisor to determine if the interest you pay is eligible.
