Your home is likely your most valuable asset. We can help you leverage its value to help reach your biggest goals. From remodeling your home to consolidating high-interest debt, you can get the cash you need through a GOLD Home Equity Loan or Line of Credit.
So, what's home equity, anyway? It's the difference between your home's market value and the remaining balance on your first mortgage and any other mortgages or home equity loans secured by your home. Your home equity can increase over time if the property value increases or the loan balance is paid down. A home equity loan or line of credit lets you borrow against that equity at a low rate and terms up to 20 years. While we caution against using your home as collateral for smaller, short-term borrowing needs, it can be a wise move to lower the long-term cost and monthly impact of larger, high-interest debt, larger investments, or major expenses that you encounter.
Properties must be owner-occupied, deeded in the borrower's name(s), and classified as a one-to-four-family dwelling. While our home equity lending is specialized in Pennsylvania and New Jersey, don't hesitate to ask about properties in other states.