Home Equity Loan
Home equity loan features:
- Receive your funds in a lump sum – beneficial for large projects
- Choose from several loan terms
- Make fixed monthly payments of principal and interest
- Make additional principal payments without penalty
- Interest on your home equity loan may be tax deductible. Consult a tax advisor.
- Enjoy a set period of time to pay the loan back
Compare to a home equity line of credit.
TowneBank NMLS# 512138