Your home has value — and it can do more than provide shelter. With a Home Equity Loan from Neighborhood National Bank, you can tap into the equity you’ve built to fund life’s next big step. Whether you're investing in your home, consolidating debt, or planning something personal, we’re here to help make it happen.
Use Your Home’s Equity To:
- Remodel Your Kitchen, Bathroom, or Entire Home
Upgrade your living space and increase your home's value. - Consolidate High-Interest Debt
Simplify your finances with one manageable monthly payment at a lower interest rate. - Fund Major Life Events
Pay for weddings, college tuition, or other important milestones. - Make Energy-Efficient Improvements
Install solar panels, new windows, or HVAC upgrades that can lower your utility bills. - Take That Dream Vacation
Create unforgettable memories with a trip you’ve always planned for. - Cover Unexpected Costs
Have peace of mind knowing you have access to funds when life throws you a curveball. - Invest in Property or Land
Use your equity to purchase a second home, cabin, or acreage. - Start or Grow a Small Business
Fuel your entrepreneurial goals with the financial support you need.
Why Choose Us?
- Competitive fixed interest rates
- Personalized guidance from local lenders
- Flexible repayment terms
- Quick, local decisions
- Trusted service from your neighborhood bank
Let’s Put Your Home to Work
Apply online or contact your Neighborhood Banker to explore your options and get started today.
Home Equity Loan vs. HELOC: What’s the Difference?
When it comes to using your home’s equity, there are two main options — a Home Equity Loan and a Home Equity Line of Credit (HELOC). While both let you borrow against the value of your home, they work differently.
At Neighborhood National Bank, we want to help you understand those differences so you can choose the option that best fits your goals, budget, and borrowing needs.
Home Equity Loan
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You get a one-time lump sum of money at closing.
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The interest rate is usually fixed for the life of the loan.
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You make regular monthly payments (interest + principal), and your payment stays the same.
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Best when you know exactly how much you need and want predictable payments.
Home Equity Line of Credit (HELOC)
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Works like a credit line: you can borrow, repay, and borrow again (during a draw period).
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You only pay interest on what you actually use.
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Interest rates are usually variable, meaning they go up or down with market rates.
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Ideal for ongoing costs, surprise expenses, or projects where you’re not sure of the total amount needed.
Which One Should You Use?
| Situation | Best Option | Why |
|---|---|---|
| You know you need a fixed amount for something like a renovation or debt consolidation | Home Equity Loan | You get the full amount up front, and your payments won’t change |
| You want access over time — for example, multiple projects or emergency funds | HELOC | You can tap into funds when needed and only pay interest on what you use |
| Stability and consistency are important | Home Equity Loan | Fixed rate = predictable payments |
| You’re comfortable with flexibility and variable rates | HELOC | Gives you ongoing access, but your costs may shift with the market |