Home Equity Loans

Looking for a home equity loan company with personal service? If you would like to take advantage of lower interest rates but do not want to refinance your first mortgage, than choosing a home equity loan may be the right answer for you. Home equity loans can provide tax benefits, and offer you the option of variable or fixed interest rates on your loan.

Want to learn more about home equity loans? Call us at (518) 452-4700 to set up an appointment, we will sit down and discuss your loan options.

Home Equity Lines of Credit

If you are looking for a flexible borrowing option, a home equity line of credit or HELOC could be the right solution. Home equity lines of credit use your existing homes equity as collateral. You then choose an amount that you would like the loan limit to be set at, and you may borrow up to that amount any time.

Home equity lines of credit are easy to use and manage. You can usually access your line of credit by writing checks from the equity account or by accessing cash directly from the lender.

To find out if a Home Equity Loan or a Line of Credit is right for you, call us to set up an appointment. Call (518) 452-4700 Today!

Top reasons to get a Home Equity Loan or Line of Credit

  • Pay off high interest credit cards
  • Interest payments on home equity loans are tax deductible
  • Put on an addition to your home
  • Educational Expenses
  • Personal Expenses
  • Living Expenses
  • Start or fund a business
  • Investing
  • Personal Expenses

Differences between HEL and HELOC

  • Home Equity Lines of Credit carry variable interest rates
  • Home Equity Loans may be fixed of variable interest rates
  • You may access your line of credit anytime
  • Home Equity loan amounts are taken all at once
  • Payment options with Home Equity Loans are usually fixed
  • A Line of Credit has payments that vary according to interest rate fluctuations
  • Interest rates on HELOC can usually be fixed for a fee or higher rate
  • Investing
  • Personal Expenses

To find out if a Home Equity Loan or a Line of Credit is right for you, call us at (518) 452-4700 Today! or visit our Albany, NY office. For directions click here.