Looking to extend your budget for big expenses? Borrow against the equity of your home with a home equity loan or line of credit. Home equities offer lower rates than traditional personal loans and larger financing amounts, up to 100% of the value of your owner occupied home, less your first mortgage.
Home Equity Line of Credit
Borrow what you need, when you need it with a home equity line of credit (HELOC.) With a Webster First HELOC, you don’t have to carry a balance, and the line of credit may stay open as long as you maintain ownership of your home.
Home Equity Loan
If you prefer steady payments over time, or have a fixed amount in mind you’d like to borrow, a home equity loan can help you to extend your budget.