Open More Doors with a PrimeWay Home Equity Loan

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6.50% APR**

for up to 180 Months
Home Equity Loan

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Make Your Home Work For You

Rates As Low As 6.50% APR** for up to 180 Months

A PrimeWay home equity loan allows you to take advantage of the value you’ve added to your home. You’ve spent countless hours turning your house into a home over the years.

You can use a home equity loan for any financial need or life event, including:

  • Pay for a college education
  • Pay for a wedding
  • Pay for a vacation
  • Pay off high-interest credit card debt
  • Add an addition to your home to accommodate a growing family
  • Complete a home improvement to a kitchen or bathroom

With a home equity loan with rates as low as 6.50% APR** for up to 180 Months, you have an affordable option to pay for life's expenses. 

 

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Do I need a HELOC or a Home Equity Loan?

Home Equity Line of Credit (HELOC)

A home equity line of credit (HELOC) uses the equity in your home as collateral to borrow money. Equity is the remaining value after you subtract your outstanding mortgage balance from the home's current value.

Because it is a line of credit, a HELOC works similar to a credit card; you can borrow from it as needed, up to the credit line limit. HELOCs have variable interest rates and the monthly payment amount can vary, but you only pay interest on the amount you draw from the line of credit.

Home Equity Loan

A home equity loan uses the equity in your home as collateral to borrow money. Equity is the remaining value after you subtract your outstanding mortgage balance from the home's current appraised value.

When considering you for a home equity loan, lenders look at both the equity in your home and the loan-to-value ratio (LTV).

The LTV is another way of expressing how much you still owe on your mortgage.


Low Rate Home Equity Lines of Credit to Help You When You Need It Most

7.00% APR* This Rate Is Variable - as Low as Prime +0.50% - with a Floor Rate of 4.00% APR.

A PrimeWay home equity line of credit (HELOC) allows you to take advantage of the value you’ve added to your home to secure the line of credit. You can use a line of credit based on the equity of your home for any financial need, including:

  • Consolidate bills and pay off debt
  • Complete a home renovation project
  • Pay for a dream wedding
  • Finance your child's education

HOME EQUITY LINE OF CREDIT (HELOC) PROMOTIONAL RATE

Six Month Intro Rate

Thereafter, Rates As Low As

7.00% APR*

This Rate Is Variable - as Low as Prime +0.50% - with a Floor Rate of 4.00% APR.