ESL Home Equity Solutions

With ESL, you’ll find affordable lending options to support your needs and help you save money. Using some of the equity you have in your home can be a smart solution to consolidate higher-interest rate debt or fund home improvement projects. Take advantage of your home’s value to provide more financial balance in your life.

With a Home Equity Line of Credit, you have access to a line of credit to use when you need it. The interest rate is adjustable, and you only pay for what you use. It’s helpful for greater flexibility or emergency funds.

With a Home Equity Loan, you borrow a lump sum of money that’s paid back over a fixed term at a fixed rate. This is a great option when you have a specific large expense.

We’ll help you select the solution that’s best for your needs.

Whatever you choose, remember that your outstanding balance qualifies to grow your Owners’ Dividend.⁴

Calculate how much you could save and apply today!

1: 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.

2: HOME EQUITY LINE OF CREDIT: Rate shown as of 7/27/23 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.

3: HOME EQUITY LOAN: Annual Percentage Rate (APR) shown as of 8/24/23 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 8.25% APR (as of 8/24/23), 180 monthly payments, has a payment of $485.07. 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.

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