For those large one-time purchases, you may want to consider a Fixed Rate Home Equity Loan. This loan option lets you lock in a affordable fixed rate for up to 20 years. Since the loan is secured by your home's equity, the interest you pay may be tax deductible. Consult with your tax advisor for details.
Features
- Usually no cost to you
- Lock in affordable fixed rate
Effective Date: Tuesday, October 14, 2025
Product | CLTV | Loan Amount | 1-10 yrs | 15 yrs |
---|---|---|---|---|
Fixed Rate Second Mortgage | <= 80% | $50,000 - $500,000 | 5.95% | 6.20% |
Fixed Rate Second Mortgage | <= 80% | $25,000 - $49,999 | 6.20% | 6.45% |
Fixed Rate Second Mortgage | <= 80% | $10,000 - $24,999 | 6.45% | 6.70% |
Fixed Rate Second Mortgage | 80.01-90.00% | $50,000 - $500,000 | 6.70% | 6.95% |
Fixed Rate Second Mortgage | 80.01-90.00% | $25,000 - $49,999 | 6.95% | 7.20% |
Fixed Rate Second Mortgage | 80.01-90.00% | $10,000 - $24,999 | 7.20% | 7.45% |