Home Equity
Access your home’s equity to help fund major expenses
Whether you need help covering home improvements or funding life’s big moments, your home’s equity may be the solution. Your equity is the difference between what your home is worth and the balance remaining on your first mortgage.
How does a home equity loan work?
Using your home as collateral, home equity loans allow you to borrow against the equity available at a low fixed rate. Funds are provided as a single lump sum to be repaid over time. A home equity line-of-credit on the other hand, offers a variable rate
and continual access to the loan amount throughout a draw period.
Benefits of a home equity loan:
- Low cost – lower interest than most personal loans and credit cards
- Fixed terms – fixed interest rate and repayment
- Simple – lump sum payout for a specific purpose
Home Equity Loan Rate as low as
7.75% APR* fixed
Effective: June 1, 2023
Borrow up to 100% of your home’s value
Home Value – First Mortgage Balance = Potential Loan Amount
Motorcycle Financing
Evoke the spirit that riding your motorcycle on the open road brings, knowing you made the right choice for your loan.
Ride easy with:
- Competitive rates
- Flexible terms
- No penalty for early payoff
- Simply interest, calculated only on the outstanding principal
Apply for pre-approval to buy when you find your bike.
New and Used Motorcycle Loan Rates as low as X.XX% APR*
Up to 115% MSRP or JD Power Retail Value
View loan rate sheet.
Boat Financing
Make waves whether your headed out to tube, sail or hit the honey hole with a boat loan from Vantage. We can also finance your trailer.
Look forward to smooth sailing with:
- Competitive rates
- Flexible terms
- No penalty for early payoff
- Simply interest, calculated only on the outstanding principal
New and Used Boat Loan Rates as low as X.XX% APR*
Up to 115% MSRP or JD Power Retail Value
View loan rate sheet.
Powersports Financing
Off-road or on the water, your’ll be ready for action when you finance through Vantage. Loans available for your jet ski, UTV, ATV, or trailer.
Enjoy the ride with:
- Competitive rates
- Flexible terms
- No penalty for early payoff
- Simply interest, calculated only on the outstanding principal
Apply for pre-approval or refinance your ‘pay where you buy’ loan with us.
New and Used Recreation Loan Rates as low as X.XX% APR*
Up to 115% MSRP or JD Power Retail Value
View loan rate sheet.
No Closing Costs^
Even if a home appraisal is needed.
No Pre-Payment Penalty
Making larger payments can help you pay off your loan faster.
No Annual Fee^
Unlike big banks and other lenders.
A home equity loan or line-of-credit can be used for many purposes and the interest paid could be tax deductible.†
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Home improvements
Reinvest in your property by remodeling your kitchen, replacing the roof or creating an outdoor living space.
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Debt consolidation
Your home’s equity can be used to help you save money by consolidating higher-interest debt like credit cards and private student loans.
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Major purchases
Planning a wedding? Paying for college expenses? A home equity loan or HELOC could be an affordable solution.
Still considering other options for your upcoming project or expense? Evaluate the many ways Vantage can support your financial needs.
Calculators
Home Equity Loan or Line-of-Credit?
Using Home Equity for a Major Purchase
Consolidating Debt with Home Equity
Calculate a Home Equity Loan Payment
Calculate a Home Equity Line-of-Credit Payment
*APR=Annual Percentage Rate. Best rate quoted. Rates subject to change. Your rate may vary based on your credit profile.
**Variable rate may adjust quarterly; cap – 1% per quarter; index – Wall Street Prime; Floor | Max rate – 2.5% | 24.90%
^Please review: Important Terms of our Home Equity Lines-of-Credit and When Your Home is On the Line
†Consult your tax and/or legal advisor for advice and information concerning your particular situation.
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