Home Equity
Your house is not just a home. It's also an investment that most likely increases in value over time. Your equity in your home is the value of your home less what you owe on your home mortgage(s). You could borrow against your home's equity—also known as a second mortgage—to:
- Consolidate high interest debt into a single lower monthly payment*
- Make home improvements that may build more equity
- Pay off unexpected expenses
And, the interest on a home equity loan might be tax deductible.†
Our Home Equity Loan Options
HFC offers home equity loans and home equity revolving lines of credit. Need a one-time-only sum of money? Want to borrow different amounts at different times—and be able to write checks? Your smartest option depends on your needs.
Optional Rate Reduction Feature
HFC offers home equity loans with a feature that allows you to get an interest rate reduction over time. Choose the Pay Right Rewards‡ option and earn an interest rate reduction after 12 consecutive on-time payments. In all, you could earn 2 percent in rate reductions or better.
Request a Home Equity Loan
Trust your home equity loan to HFC. We are proud to offer sensible loans for homeowners. We have been doing so for more than 100 years. And we are right in your neighborhood.
An HFC account executive ready to discuss your options will contact you within two business days.
