When you need it.

Fixed Rate 2nd Mortgage – A home equity loan lets you borrow money, using that equity as collateral. You receive a lump sum of money that is repayable over a fixed term, giving you the security of a locked-in rate and a consistent monthly payment. Plus, the interest on a home equity loan may be tax deductible (please consult your tax advisor). Up to 80% LTV-combined financing in a 1st and 2nd position.