Home Equity Loans

Sometimes referred to as a second mortgage, a fixed rate loan that uses the available equity in your home. Equity is the market value of the house, less the balance still owed on the first mortgage. Home equity loans are commonly used for major expenses such as medical bills or home remodeling. Like a mortgage, the home equity loan must be paid over a fixed period of time. The interest rate is fixed for the term of the loan. Unlike a HELOC the entire amount of the loan is given at once.

Does a home equity loan make sense for my vehicle purchase?

Home equity loans generally often have lower interest rates than auto loans and the interest may be tax deductible.

Should I use equity in my home to consolidate my debt?

This calculator is designed to help determine whether using equity in your home to consolidate debt is right for you.

A loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower gives the lender a first lien on the property as collateral for the loan. The mortgager's lien on the property expires when the mortgage is paid in full.

How long will it take to breakeven on a mortgage refinance?

Should you refinance your mortgage? Use this calculator to determine when you will breakeven.

How much can I borrow?

Can you buy your dream home? Find out just how much you can afford!

What is my maximum mortgage?

Use this calculator to determine your maximum mortgage and how different interest rates affect how much you can borrow.

How much will my mortgage payment be?

Determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.

What income is required to qualify for a mortgage?

Use this calculator to determine how much income you need to qualify for a mortgage and how different interest rates affect your required income.

What is the maximum FHA mortgage allowed for my home purchase?

Determine your maximum FHA mortgage and cash needed for closing.

Which is better: fixed or adjustable?

Compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.

How much will my adjustable rate mortgage (ARM) payments be?

Determine what your adjustable mortgage payments will be.

Should I rent or buy?

Are you better off buying your home, or should you continue to rent?

An unsecured loan used as overdraft protection against bounced checks. The interest rate is a variable rate based on the Wall Street Journal Prime Rate.