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Home equity loans are currently boasting their lowest rates in years, making it a good time to borrow. Second mortgage equity loans can be a wise option when you have a lot of equity in your home and plan to invest in asset-building purchases, like home remodeling or education.
- The interest you pay may be tax deductible
- Easy online loan application
- No-closing cost option
- Low annual fee
- Quick approval decisions
- Instant online access to home equity lines of credit
» Home Equity Rates
» Calculate Loan Payments
Home Equity Lines of Credit
A Home Equity Line of Credit (HELOC) is great for remodeling or education where expenses may vary and you need access to funds over a period of time.
Columbia offers
24/ 7 access to funds via checks, personal online banking and our automated phone service.
Fixed Home Equity Loan
This type of loan, also known as a 2nd mortgage, is great for projects when you know
exactly how much money you need. You will receive funds in one lump sum,
and enjoy the comfort of knowing your rate will remain the same throughout
your loan. Terms up to 15 years are available.
5/30 Home Equity Loan
This desirable loan provides rate security and super low payments. That's because the rate is fixed for five years before adjusting and the payments are amortized for 30 years. Like a home equity fixed loan, borrowers receive a fixed loan amount.
Renew Home Improvement Loan
— home equity alternative
The Renew home improvement loan is an unsecured loan that does not require a lien on your home. Offered exclusively for home improvement purposes, the Renew home improvement loan offers up to $10,000 at a competitive fixed rate for up to 84 months. |
