Compare Home Equity Loans

If you are looking to borrow against the equity in your home, then we have the right option for you.

  • Family sitting on steps. 6.69% APR 4-Month Intro Rate. 8.75% APR Adjusts to Qualified Rate.

    Home Equity Line of Credit

    A Home Equity Line of Credit (HELOC) allows homeowners to tap into the equity in their home to help make improvements, consolidate debt, add new space, or even pay for new adventures. Like a credit card, HELOCs offer the flexibility to borrow when you need to. 

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    Home Equity 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.

Learn About Home Equity

  • Which home equity loan is right for you?

    Home equity is the difference between your home's market value and the amount you owe on your mortgage. With a Horizon Bank Home Equity Line of Credit or Term Loan, you have flexible options to achieve your goals. You can renovate and improve your home, consolidate debt, finance education, and make major purchases.  Compare your options.

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  • What about Payments?

    A Home Equity Line of Credit Loan works like a credit card that can be repeatedly used and repaid in monthly 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.

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If you can’t find what you’re looking for, let us know. We’re ready to help in person, online, or on the phone.

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Document Checklist

When applying for a home equity loan, we will ask you to provide the documents that are required for us to make a decision on your loan application. We understand this can feel daunting. Our priority is to make it clear what is required, and to gather this information from you at one time allowing us to source the most appropriate mortgage options for your review, at the most competitive terms.

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Make a loan payment.

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    Pay Online

    Log in to online banking to make your payment from your Horizon account or from an external account outside Horizon.

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    Loan Pay Portal

    Make fast one-time payments using Horizon's self-service loan portal.
    (cannot be used for business payments)

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    Visit a Branch
    Stop by your nearest Horizon Bank branch to submit your payment in person.
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    Video Banking Location

    Use one of Horizon's Video Banking locations.  Video banking machines have extended hours and combine the service of a Horizon advisor with the convenience of an ATM. 

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Home Equity FAQs

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Sensible Advice

Special Ways to Boost Equity with DIY Home Improvements

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Home equity is the difference between your home’s market value and what you still owe on it. Home equity loans can pay for major home renovations, college tuition, and more. One way to increase home equity is through home renovations that boost your home’s resale market value. But major renovations, like kitchen or bathroom remodels, can be quite expensive and can even increase property taxes. Below, we outline some do-it-yourself home improvements you can make this fall!

Paint the walls. While a bright red wall or decorative wallpaper can be fun, current homebuyers are drawn to neutral, lighter walls. Paint your walls cream, light gray, or another neutral color that lets potential homebuyers envision their lives there. Also, consider that homebuyers prefer specific colors for specific rooms.

Redo your ceiling. Say goodbye to the popcorn ceiling. These ceilings can be redone easily, even by beginners! A simple, smooth white ceiling can brighten your home and leave room for accent walls, furniture, and more for future buyers.

Install new hardware. Whether you’re looking for ornate or minimalist hardware, new handles and faucets can make a difference in the kitchen and bathroom. While installing new cabinets can be challenging, swapping out outdated hardware is relatively simple.

Paint the cabinets. Beginners can install new cabinets, but it’s even easier to paint your current ones. With a coat of paint and new hardware, your kitchen will look brand new – all on a budget.

DIY to Get a Home Equity Loan

If you’re making home improvements yourself, you likely have even more projects and renovations in mind. Start with these lower-cost DIY projects to build your home equity. Once you do, you can secure a home equity loan to fund bigger projects. Contact a Horizon Bank advisor today to learn more. 

Call us Contact us Learn more about home equity

Special Ways to Boost Equity with DIY Home Improvements

Woman holding clip board

Home equity is the difference between your home’s market value and what you still owe on it. Home equity loans can pay for major home renovations, college tuition, and more. One way to increase home equity is through home renovations that boost your home’s resale market value. But major renovations, like kitchen or bathroom remodels, can be quite expensive and can even increase property taxes. Below, we outline some do-it-yourself home improvements you can make this fall!

Paint the walls. While a bright red wall or decorative wallpaper can be fun, current homebuyers are drawn to neutral, lighter walls. Paint your walls cream, light gray, or another neutral color that lets potential homebuyers envision their lives there. Also, consider that homebuyers prefer specific colors for specific rooms.

Redo your ceiling. Say goodbye to the popcorn ceiling. These ceilings can be redone easily, even by beginners! A simple, smooth white ceiling can brighten your home and leave room for accent walls, furniture, and more for future buyers.

Install new hardware. Whether you’re looking for ornate or minimalist hardware, new handles and faucets can make a difference in the kitchen and bathroom. While installing new cabinets can be challenging, swapping out outdated hardware is relatively simple.

Paint the cabinets. Beginners can install new cabinets, but it’s even easier to paint your current ones. With a coat of paint and new hardware, your kitchen will look brand new – all on a budget.

DIY to Get a Home Equity Loan

If you’re making home improvements yourself, you likely have even more projects and renovations in mind. Start with these lower-cost DIY projects to build your home equity. Once you do, you can secure a home equity loan to fund bigger projects. Contact a Horizon Bank advisor today to learn more. 

Call us Contact us Learn more about home equity