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Home Equity Loans
Bank on the value of your home
Borrowing against the value of your home with a home equity loan can be a smart way to get cash for important needs.
A home equity loan is a mortgage that allows you to borrow up to 80% of the appraised value of your home, minus the combined amount of any liens on the home. Interest on the home equity loan may be tax deductible, and the cash can be used for anything — whether it's college tuition, medical bills or even a new car.
Borrowing against your home, which is the biggest asset many people have, allows you to make purchases without having to tap into savings and investments. You can use the money to pay off debts or avoid taking on other loans with higher interest rates.
Home equity loans can be used for:
- Home improvement
- Debt consolidation
- Auto purchase
- College tuition
- Medical bills
- Large, unexpected expenses
- Any other worthwhile purpose
For Texas residents only.
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