Home equity can help you pay for a known expense or give you access to funds as needs arise. The right way to borrow depends on how much you need, when you’ll need it and how you want to repay it. You’ll work with a local lender who’ll explain the options and help you understand the tradeoffs.
Common Uses
Answer a few questions about how you plan to borrow, repay, and use your home's equity. Based on your responses, we'll highlight a home equity borrowing option you may want to explore. Whether you're looking to finance a specific expense with predictable payments or access funds as needs arise, this tool can help you compare your options.
Results are provided for informational purposes only and are not a recommendation.
Based on your responses, you may want to explore the following home equity borrowing option. Review the rates, fees, terms, repayment requirements, and disclosures to determine whether it aligns with your borrowing needs and financial goals.
Results are provided for informational purposes only and are based solely on the responses you provide. This tool is designed to help identify home equity borrowing options that may align with your stated preferences and borrowing needs. It is not a recommendation, prequalification, approval, or commitment to lend. All loans are subject to credit approval, property evaluation, underwriting requirements, and additional terms and conditions. Please review all applicable disclosures and speak with an Orrstown Bank lender to determine which option may be appropriate for your situation.
Borrow as needs arise during the draw period, then choose whether to keep eligible balances at a variable rate or convert eligible portions to a fixed rate and payment, subject to product terms and requirements.
Borrow a set amount for a one-time expense with a fixed rate, fixed monthly payment, and set repayment term, subject to credit approval and underwriting requirements.
Borrow as needs arise during the draw period, then choose whether to keep eligible balances at a variable rate or convert eligible portions to a fixed rate and payment, subject to product terms and requirements.
Borrow a set amount for a one-time expense with a fixed rate, fixed monthly payment, and set repayment term, subject to credit approval and underwriting requirements.
Compare Accounts
Qualification and available terms depend on your financial profile and property information. A lender may review factors such as income, credit history, current debts, payment history, property value, and the equity available in your home.
Home equity is the difference between your home's current value and the amount you owe on loans secured by the property. The amount you may be eligible to borrow depends on the property's value, existing secured debt, available equity, and underwriting requirements.
Not Sure Which Home Equity Option Is Right for You?
Whether you're planning home improvements, consolidating debt, covering education expenses, making a major purchase, or exploring your borrowing options, our lending team is here to help. Complete the form below and we'll connect you with a lender who can answer your questions and discuss available home equity financing options.
Home equity decisions can involve your budget, your property, and your longer-term goals. You'll have direct access to local lenders who can explain available options, answer your questions, and help you understand each step of the process.
Run the numbers before you decide.
Use our calculators to estimate payments, explore financial scenarios, and better understand your borrowing options. Calculator results are estimates and should be used for informational purposes only. When you're ready, connect with a lender to discuss your goals and available financing options.
Learn whether refinancing or a home equity loan may fit your borrowing needs.
For an expense that doesn’t call for borrowing against your home, a personal loan may be worth considering.
An eligible Orrstown deposit account may support automatic loan payments. Ask a lender about current requirements and available rate options.
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