A home equity loan is a loan against your home, often a second mortgage, that gives you access to cash, that can be used for many things such as a remodeling project, education, or medical bills. Unlike a home equity line of credit, a home equity loan is not revolving in nature, but usually carries a fixed rate of interest.
Debbie Ellis
804-302-4855
Horizon Savings
Start saving today! Set up automatic transfers from your checking to pay yourself first. A great way to build an emergency cushion for unexpected expenses. Let your balance build up, then open a certificate of deposit for higher interest rates.
