In life, major changes lead to major expenses. From home renovations and repairs to your child’s college education and wedding — as a homeowner, you have the option of financing these expenses with the equity in your home.
Visit a Butterfield Banking Centre or call a consumer credit professional on 298-4799.
Shawnette Griffin, Butterfield’s vice president, head of consumer credit explains: “You can increase the equity in your home by paying your mortgage on time, making additional principal payments and increasing the value of your home through home improvements and renovations.”
That’s why Butterfield offers home equity loans and a Butterfield line of credit-product specifically designed to help you to more easily access the value in your home and build upon your existing equity.
Butterfield home equity loan
With a Butterfield home equity loan you can renovate, refurbish or repair your home, consolidate your debts, pay for your child’s education or wedding, purchase a new car, or finance a down payment for a new or second home.
Butterfield line is a revolving personal home equity line of credit-product designed to provide homeowners with easy access to the equity in your home without the inconvenience of refinancing your mortgage or arranging a loan every time you need money. And with an interest rate that is less than most personal loans or credit cards, your Butterfield line helps to make your major expenses more affordable.
Home ownership has its advantages. The goal to getting the most out of your home is to build on your equity.
As equity builds, you afford yourself the financial cushion needed to make major changes in life and to protect you against the unexpected ones.
Our team of experienced lenders will work with you to develop an individualized plan to meet your financial needs, whatever they are.