As your home increases in value, you can access the equity to pay for all types of projects. Consolidate debt, renovate your home, pay medical bills or anything else.
If you would prefer to draw funds as you need them rather than all at once, a HELOC may be the better fit.
With a Home Equity Loan from Bonvenu Bank, your home's value serves as collateral for this low-cost loan. It's a good solution when you know exactly how much money you need for any type of project. We make the application and closing process simple, and you'll quickly receive your money. Talk with a Bonvenu Bank lender to review your options.
Both a home equity loan and a HELOC let you borrow against your home’s equity, but they deliver the money differently. A home equity loan is a one-time lump sum with fixed payments, while a Home Equity Line of Credit lets you draw what you need, when you need it, and pay interest only on the amount you have drawn.
If you know how much you need, a home equity loan is simple. If your project has uncertainties or will occur in stages, a Home Equity Line of Credit gives you more flexibility.
Contact us or visit a Bonvenu Bank branch in Bossier City, Shreveport, Baton Rouge, Metairie, Mansfield, or another Louisiana location to get started. Home Equity Loans are subject to credit approval.
Home Equity Loans are subject to credit approval, as well as other conditions. Bonvenu Bank NMLS ID #412577.
A home equity loan lets you borrow against the value you've built in your home. It's paid out as a single lump sum, and you repay it in fixed monthly payments over a set term.
A home equity loan can be used for home renovations, debt consolidation, medical bills, education costs, or any other large expense. There are no restrictions on how you use the funds.
The amount depends on your home’s value, what you still owe on your mortgage, and your credit profile. A Bonvenu Bank mortgage lender can review your situation and help you understand what you qualify for.
We offer loans for new and used vehicles with competitive interest rates.
Let's discuss your options so you can start your project.
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