Home equity loans provide the freedom and convenience that allows you to easily and affordably finance large purchases on a budget. With a Horizon Home Equity Loan or Home Equity Line of Credit, you can leverage the available equity in your home to make home improvements or repairs, plan a vacation, consolidate debt, and more!
- Leverage the equity in your home to fund almost anything; the possibilities are endless.
- Choose between low fixed-rate loan or adjustable line of credit.
- Rely on local Horizon professionals to manage your loan throughout its lifespan with exceptional service.
- Earn a tax deduction on interest.+
Home Equity Loan/Line of Credit Comparison
|Home Equity Loan||Line of Credit|
|Interest Rate||Low Fixed-Rate||Low Adjustable-Rate|
|Funds Disbursement||Member receives total loan amount at disbursement||Member has access to use as much of the available loan proceeds as needed|
|Monthly Payments||Same payment every month||Minimum payment based on outstanding loan balance; changes over time|
|Annual Fee||No annual fee||No annual fee|
+ Consult your tax advisor.
* Terms, conditions and qualifications apply.
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