Home Equity Loan, Low Interest Rate Guaranteed!

Home equity is the difference between the current value of your house and what you owe in mortgage. As you pay your mortgage off and as the value of your house appreciates, you increase the value of your equity. This is a valuable financial resource and can be effectively utilized for a variety of projects. If you are looking for home equity loan, low interest rate, Washington Trust is the right place for you. We will help you calculate the value of your equity and how much loan you can qualify for, in a simple and easy step.

You can tap your home equity in the following ways:

• Finance major expenses such as home improvements, buying a second home and more
• Consolidate debt and save money every month
• Get instant cash

Find more about equity loan home improvement and bank reverse mortgages in the sections below.

Advice on Equity Loan, Home Improvement

A home equity is a line of credit that enables you to borrow money against your house. Using your house as collateral to get loans to finance home improvements is an excellent idea. Not only do you improve the quality of your house, you add value to it, which often offsets the cost of the improvement project. This also raises the value of your credit line. Contact us today for information and advice on equity loan home improvement.

Bank Reverse Mortgages for Seniors

If you are a homeowner, age 62 and older, a reverse mortgage may be right for you. Reverse mortgages allow senior homeowners to convert home equity into cash for as long as they live in their home. Your income can be used for any need: to supplement income, pay for long term health care or make home renovations. Call us today for more on reverse mortgages or to inquire about other services, like a home equity loan.