Whether you're adding an outdoor living space, finishing your basement, or using the equity in your home to pay for expenses like college or debt consolidation, a home equity loan could be the answer. FORUM offers fixed-rate Home Equity Loans and interest-only Home Equity Lines of Credit (HELOC) to give you the greatest benefit for your unique situation.
A Home Equity Loan is a type of loan that allows homeowners to borrow money based on the value of their home, less the amount they still owe.
Use your loan or line of credit for any type of home improvement. Home equity loans can also be a way to borrow money to pay for educational expenses, debt consolidation and more.
Credit scores can help or hinder future plans. Use our Credit Line Calculators to calculate whether or not you should consolidate debts and how large of a line of credit you can obtain. Try our Loan Payoff Calculator to determine what it will take to pay off your credit.
The interest on your Home Equity Loan may be tax deductible. Use our Tax Savings Calculator to get an idea of what your tax savings might be. Be sure to talk to your tax advisor about your specific situation.
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