Home Equity & HELOC Loans

A Home Equity Loan or Line of Credit (HELOC) with Horizon allows you to benefit from all the blood, sweat, and tears into your home. With a loan or line of credit, you can use your equity for long-awaited renovations, consolidate debt, or to make a major purchase.

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Home Equity Term Loan

A home equity loan is worth considering if you have a large one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.

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Home Equity Line of Credit

A home equity line of credit (HELOC) can be useful if you’re planning a major project with multiple expenses or if you want ongoing access to funds. HELOCs feature flexible repayment options and the rates are typically lower than credit cards.

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What Can Home Equity Loans Be Used For?

Why Choose a Home Equity Fixed-Rate Loan?

A Home Equity loan gives you easy access to the equity in your home to pay for home improvements, college tuition, and more. And, rates are typically lower than credit cards or other unsecured loans. Fixed-rate loans make budgeting easy because your monthly payments remain the same over the life of the loan.
Today's low home equity rates*

Home Equity Term Loan rates are typically much better than other high-rate credit cards and are often great options for debt consolidation.
What about Payments?

With a Home Equity Term Loan, you pay a fixed interest rate. One of the main benefits of a fixed rate is that whether interest rates rise or fall, your monthly payments won't be affected because your rate is fixed for the life of the loan so you will have lower borrowing costs. We do have other options, check out our home equity options – including a line of credit.