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Home Equity Loans & Lines of Credit

Home Lending Home Equity Lines of Credit

When used properly, the equity you in your home can be a valuable financial tool for you when you need extra money. Your home’s equity can be used to pay for a variety of things. New Frontier Bank allows you to use your home’s equity via two different financing options.

  • Home Equity Loans: This is a closed-end loan that pays you a full lump sum up front.
  • Home Equity Line of Credit (HELOC): Home equity lines of credit, also known as HELOCs, are revolving lines of credit that allow you to draw on a pre-established limit. They are useful for borrowers with both future and immediate cash needs, or someone whose income varies from month to month.

Contact your New Frontier Bank Loan Officer to find out if a Home Equity Line of Credit is right for you and how much you may be able to borrow against your home.

 

New Frontier Bank Mortgage Loan Origination Numbers