What is home equity?
Equity is the difference between the fair market value of the property and the amount still owed on the mortgage. An owner can use home equity as collateral to secure a home equity loan or home equity line of credit.
Fixed-rate Home Equity Loans
RSI Bank offers fixed-rate home equity loans with various terms. Popular uses of a home equity loan include financing a large purchase such as a car or a home renovation.
Consider a home equity loan to finance home improvements and upgrades like:
- Finishing a Basement
- Remodeling a Kitchen or Bathroom
- New appliances
Inquire about Home Equity Loan
Home Equity Lines of Credit
A Home Equity Line of Credit (HELOC) is a line of credit secured by the equity in your home. Popular uses of home equity lines of credit include paying for college tuition or debt consolidation.
Inquire about Home Equity Line of Credit
Why choose RSI Bank for your Fixed Home Equity Loan or Line of Credit?
- No points
- No application fees
- Fast approval
- Low interest rates
- 0.25% interest rate discount on Fixed Rate Home Equity Loans with auto debit from an RSI Bank checking account
Offers are available in New Jersey only. All loans are subject to credit approval. Other restrictions may apply. Speak with a Lending Representative for further details.
You may also be interested in:
Blog post: A Primer on Home Equity Programs
NMLS Loan Originator ID: 409467
Loan applications are limited to the following states.