Unlock the Power of your Home Equity Loan or HELOC

Been a homeowner for a while? You’ve built up equity — now let your home start working for you with a Home Equity Line of Credit or Home Equity Loan.*

Unlock the Power of your Home with a Home Equity Loan or HELOC

Been a homeowner for a while? You may have built up equity — now let your home start working for you with a Home Equity Line of Credit or Home Equity Loan.*

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You Hold the Keys to Making
Possibility a Reality

Firelands can help you find ways to

Fix or Upgrade Your Home

Build value with projects like a new roof, kitchen, or addition.

Cover the Unexpected

Emergency repairs and life’s surprises don’t have to throw you off track.

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But how do you decide which key to use?

Start with identifying your goals.

I need one-time or short-term help on a project like a new roof, debt consolidation, or major remodel.

A Home Equity Loan (HEL) may be your best option. The HEL provides
* One lump sum
* Fixed interest rate
* Predictable monthly payments

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I need ongoing or steady support for something like phased renovations, unexpected costs, or tuition over several years.

A Home Equity Line of Credit (HELOC) is the way to go. With a HELOC, you will have
* Revolving line of credit
* Variable rates
* The ability to borrow, repay, borrow again.

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Why use a HEL or HELOC instead of another loan or line of credit?

Flexibility

Don’t worry about overspending or being underfunded. Borrow only what you need when you need it.
Affordability

Most credit cards or personal loans can’t touch the lower rates you find when tapping into your home equity.
Growth

If you’re using your home equity to fund home improvements that increase the value of your house, you’re investing and building greater equity in the future. Don’t wait to make changes when you’re moving. If you can, why not live in the home you want now?