- Low fixed rate
- Variety of terms to choose from, up to 15 years
- Borrow up to 90% of your home’s value minus any outstanding loans against the property
- Seven years to borrow from your line of credit, and 15 years to repay what you’ve borrowed
- Borrow up to 90% of your home’s value minus any outstanding loans against the property
Turn Your Home’s Equity into Opportunity with $500 Off Closing Costs
If you’ve built equity in your home, now may be the perfect time to put it to work and save on the upfront costs of borrowing. Whether you’re planning a home improvement project, helping pay for college tuition, consolidating debt, or covering unexpected expenses, a Home Equity Loan can provide the funds you need. For a limited time, Novation is making it even more affordable with $500 off closing costs¹ on qualifying Home Equity Loans. Choose the product that best meets your goals below.
Closed-End Home Equity Loan
With a Closed-End Home Equity Loan, you can borrow one lump sum and lock in the rate for a consistent monthly payment. Use it to pay off high-rate debt, such as credit cards, pay for higher education, make home improvements, or anything else you need—the possibilities are endless! Plus, the interest you pay is often tax deductible, which saves you money.
You Get:
Home Equity Line of Credit
If you want the flexibility to use funds as you need them, such as to pay for your child’s education every semester, our Home Equity Line of Credit is a great option. Similar to a credit card, this line of credit provides a balance that you can draw from when you need to.
You Get:
