Home Equity Loans And Home Equity Lines Of Credit

Home Equity Loan

Take out a low fixed-rate loan based on your home’s equity. You can finance up to 90% of your home’s equity. Learn More

Home Equity Line Of Credit (HELOC)

A variable rate HELOC gives you access to a revolving line of credit worth up to 90% of your home’s value. Learn More

Home Equity Loan & HELOC Features

Finance up to 90% of your home’s value

Low closing costs and processing fees

Competitive terms

Locally serviced

Quick and easy application process

Benefits Of Home Equity

Your home equity is the amount of your home that’s yours. The equity you’ve accumulated in your home can be a source of financing for the big or little things you need.
If, for example, your mortgage is for $300,000, and you’ve paid off half of it already, you have $150,000 of home equity with which you could use to take out a loan or line of credit with Directions.

The benefit of both home equity loans and HELOC is that both generally have a lower interest rate than credit cards and some other types of loans. Additionally, the interest you do pay on either of these loan types may be tax-deductible.

Plans for home renovation.
5.338% APR*
80% LTV

Home Equity Loans

Home equity loans, sometimes referred to as a “second mortgage,” are quite useful for financing a large, one-time purchase, or as a method of debt consolidation.

Home equity loans from Directions are fixed interest rate products, which means you pay the same interest rate on your first payment as you do on your last payment.

See Today’s Rates

4.25% APR*
80% LTV

Home Equity Line Of Credit

A Home Equity Line of Credit (HELOC) allows you to establish a line of credit using the available equity in your home. You may draw on this line of credit as you like, with repayment based only on the outstanding balance and not the entire line of credit. The interest rate is variable and is based on the prevailing Prime Rate.

HELOCs can also be useful to secure cash in the event of an emergency.
When you secure a HELOC with Directions, you don’t have an annual fee. You’ll get low closing costs, competitive rates and terms, and the first 25 checks you write using your line of credit have no associated fee.

See Today’s Rates

Have Questions About Using Home Equity?

We’re always happy to help answer your specific questions about home equity loans and home equity lines of credit.

Give us a call at 419-841-9838 or 1-888-508-2228 (toll free) to speak with a Directions team member.

Apply For Home Equity Financing

Apply for a home equity loan or a home equity line of credit today and secure the funds you need to reach your goals.

Contact us to apply

Contact

419.841.9838
888.508.2228 TOLL FREE


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