Home Equity Loans

A home equity loan allows you to borrow against the equity you have in your home. Your equity is the market value of your home minus what you still owe on your mortgage and/or other liens. Our experienced loan officers will work with you to determine how much of your equity you can borrow, and put together a payment that works for your budget.

You can use the funds from home equity loans for a vacation, a home improvement project, college tuition, and much more.

Already a member? Check your Personalized Offers first. 

If you're a Cornerstone member you may have a home equity loan offer available in mobile and online banking. Simply login to digital banking, navigate to the main menu and click "Personalized Offers" for quick redemption and approval. 


Fixed Rate Home Equity Loan

This loan gives you a predetermined amount of cash, which you pay back at a fixed interest rate (i.e. an interest rate that won't change throughout the term of your loan). The fixed rate home equity loan works well when you know the amount you need, and you need all of it now.
  • Low, competitive interest rates
  • Flexible terms
  • Decisions made locally  

Home Equity Line of Credit (HELOC)
A HELOC sets a limit of how much you can borrow, and you can borrow as little or as much of that limit as you need over a period of 5 years. It’s a good option when you need money over a longer time period (for instance, four years of college tuition), or you’re not sure of the total amount you’ll need (a large home renovation project).

  • Only pay interest on what you use
  • Reuse as needed without reapplying
  • Draw funds as needed for up to 5 years, with a 10-year repayment period
  • Competitive variable interest rate

Questions? Connect with us and one of our team members will get back with you soon, or stop in to one of our local branches.