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Start Fresh

with ESL Home Equity Solutions

As the fall season settles in, it’s the perfect time to prepare your finances and home for the colder months ahead. Whether you’re dealing with higher-interest rate debt and credit card expenses, winterizing your home, or replacing an old roof, the costs can add up quickly. With ESL Home Equity solutions, you can manage your finances more effectively and more affordably.

HOME EQUITY
LINE OF CREDIT
Special Introductory Rate
12 Months at
4.50%APR1
with an LTV up to 90%.
THEN
8.25%APR1
with an LTV up to 80%.
APPLY ONLINE
HOME EQUITY LOAN
Borrow from the available equity in your home with a fixed, monthly repayment amount and lower, competitive rates.2
7.25%APR2
with an LTV up to 80%.
APPLY ONLINE

Home Equity Loan vs Home Equity Line of Credit

What’s the difference, and which one is right for you?

Learn More

 

Add Up the Benefits

  • Leverage your home's rising value to access more funds at potentially lower interest rates.
  • Enjoy a low rate to kickstart your borrowing journey.
  • Keep more money in your pocket with no additional closing costs.3
  • Use your equity to pay off high-interest rate debts like credit cards and personal loans, saving you money in the long run.
  • Unlock the potential to earn more each year through our Owners’ Dividend program.4

How Can You Use ESL Home Equity Solutions?

  • Debt Consolidation: Reduce your monthly payments by consolidating higher-interest rate debt and credit card expenses.
  • Home Improvements: Make your home more comfortable and energy-efficient for the winter.
  • Unexpected Expenses: Be prepared for any unforeseen costs that come your way.

Get Started Today!

Take advantage of the rising value of your home with ESL Home Equity solutions. Our team of experts are here to help you navigate your options and find the best solution for your needs. Start fresh this fall and achieve your financial goals with confidence.

1: HOME EQUITY LINE OF CREDIT: Rate shown as of 9/1/24 and is subject to change without notice. The introductory rate is fixed for 12 months from the time of closing. Thereafter, the contract rate is based on Prime Rate plus your contract margin and may vary monthly but never exceed 15.9%. The Prime Rate was [current prime rate] as of [current prime rate date] and rate featured is based on a loan-to-value ratio up to 80%. There are other rates available for a loan-to-value exceeding 80%. Minimum line amount is $5,000. Offers are for new accounts only and subject to credit approval. Actual rates may vary.

2: HOME EQUITY LOAN: Annual Percentage Rate (APR) shown as of 10/31/24 and is subject to change without notice. The rate featured is based on a loan-to-value ratio of up to 80%, terms between 121-180 months and ESL listed as the first lien holder on the property. Payment example on a 15-year term, first lien position, fixed-rate loan of $50,000 at 7.25% APR (as of 10/31/24), 180 monthly payments, has a payment of $456.43. Payment example does not include amounts for taxes or insurance premiums; actual payment obligation will be greater. There are other rates available for a loan-to-value exceeding 80%, for terms between 48-240 months and other ESL lien positions. Minimum loan amount is $5,000. Rates are available to new accounts only and subject to credit approval. Actual rates may vary.

3: ESL pays for all closing costs and fees. However, if you close your account within the first 36 months of your account open date, you must reimburse us for actual costs and fees paid in connection with opening your account. Property insurance and flood insurance, if applicable, are required.

4: Qualification for the Owners’ Dividend is subject to eligibility requirements. Payment of a Dividend is not guaranteed.