Derek Williams Home > Home Equity Loans
Check out our exclusive home equity loan guide to learn more about your options.
How can I use the cash from a home equity loan?
You'll receive the cash as a lump sum upfront to use however you please, such as:
Pay for educational expenses Finance home renovation projects Consolidate high-interest debt Cover unexpected expenses Splurge on a bucket list item
What's a home equity loan? 
A home equity loan is one way to tap into a portion of your home's value without having to sell it. By taking out a home equity loan, you can borrow money using your home equity (the value of your home minus what you still owe on your mortgage) as collateral. You may be surprised how much home equity you've banked between paying down your principal and your home’s value increasing. Just like on a traditional mortgage, borrowers repay the loan in monthly installments.
A home equity loan is one way to tap into a portion of your home's value without having to sell it. By taking out a home equity loan, you can borrow money using your home equity (the value of your home minus what you still owe on your mortgage) as collateral. You may be surprised how much home equity you've banked between paying down your principal and your home’s value increasing. Just like on a traditional mortgage, borrowers repay the loan in monthly installments.*All credit decisions for brokered products will be made by a third party. Restrictions and limitations apply. All loans subject to credit approval. Rates and fees subject to change.
