Loan Options

Home Equity Loans & HELOC in Frisco, TX

Frisco and DFW homeowners have built significant equity as home values have risen. Unlock that value with a Home Equity Loan or HELOC to fund renovations, consolidate debt, or cover major expenses.

Check Your Options

Home Equity Loan

Lump-sum with fixed rate

A Home Equity Loan provides a one-time lump sum of money based on your home's equity. You'll repay it over a fixed term with predictable monthly payments.

Fixed interest rate
Lump-sum disbursement
Predictable monthly payments
Potential tax benefits*
Lower rates than credit cards
Use funds for any purpose

HELOC

Flexible line of credit

A Home Equity Line of Credit (HELOC) works like a credit card secured by your home. Draw funds as needed during the draw period and only pay interest on what you use.

Draw funds as needed
Pay interest only on amount used
Revolving credit line
Variable rate (often lower initially)
Reusable during draw period
Flexibility for ongoing projects

Common Uses for Home Equity

Home Renovations

Add a pool, remodel the kitchen, or finish the basement to increase your home's value.

Debt Consolidation

Pay off high-interest credit cards with a lower-rate home equity loan.

Major Purchases

Fund large expenses like a wedding, vehicle, or boat with home equity.

Education Expenses

Help pay for college tuition or other educational costs.

Emergency Fund

Use a HELOC as a financial safety net for unexpected expenses.

Investment Opportunities

Access capital for business ventures or investment property down payments.

Use Home Equity Responsibly

Your home serves as collateral for these loans. Only borrow what you need and can comfortably repay. Consider your long-term financial goals and consult with a financial advisor if you're unsure. This information is for educational purposes and is not financial advice.

Frequently Asked Questions

*Potential tax benefits depend on your individual situation. Consult a tax advisor.

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