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Is a home equity loan or a line of credit better for you?

Compare your options

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. Get started today.


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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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No matter which option you choose, it’s easy to get started today.

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    Apply online within minutes.
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    Visit a branch.
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    Speak to an advisor.
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Document Checklist

When applying for a home equity loan, we will ask you to provide 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.

View document checklist

Make a loan payment.

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    Transfer Money
    Log in to online banking to transfer your payment from your Horizon Bank checking or savings account to your Horizon Bank loan. 
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    Pay by Phone

    Pay using Horizon Bank’s fast, easy-to-follow automated system, and make loan payments free of charge.

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    Pay Online

    Connect your Horizon Bank checking account to your loan, or another financial institution, to set up automatic payments.

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Home Equity FAQs

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Request a call from an advisor.

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