Home Equity Line of Credit
Need a vacation? A bathroom remodel? A car for your teen? It could cost you as little as $100 a month with a Dupaco Home Equity Line of Credit (*assumes maximum loan balance of $13,500 amortized over 180 months). Calculate your payments using our calculator.
What is equity in a home?
Equity is the difference between the appraised value of your home and what you owe on your mortgage. Equity is the part of your home’s value that belongs to you, not your lender. Calculate your equity with our calculator. You can borrow against this equity in your home and use the money for whatever purpose you choose—improve your home, buy a new car, pay for school, consolidate other loans, or send yourself on a vacation! Borrowing against the equity in your home may net you tax advantages as well (consult a tax advisor regarding the deductibility of interest). That’s the beauty of equity financing!
Apply for a home equity line of credit now, or contact our Consumer Loan Department at (563) 557-7600 / 800-373-7600, ext. 202, or firstname.lastname@example.org.
Once you've purchased a home, through equity financing you can borrow against the portion of your home that you own for added purchasing power.