Let your home’s equity work for you
If you’re a homeowner, the equity in your home can help you finance a major purchase or project or refinance your first mortgage to pay it off faster. Randolph offers two options for borrowing on your home’s equity – a loan and a line of credit.
Home Equity Loan
A home equity loan offers you the peace of mind of fixed payments over a fixed period of time without the rates changing. With a variety of fixed rate terms, this loan is perfect if you need to borrow money right away for a specific purpose.
Home Equity Line of Credit
A home equity line of credit is flexible and convenient – you can choose when and how you access your available funds. You can tap into your line any time, simply by writing a check.