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