Home Equity Made Simple

Enjoy Endless Options With a Home Equity Loan

Turn your home’s equity into financial freedom with a home equity loan from Independent Bank to fund your next big goal.

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Why Choose Independent Bank for Your Home Equity Loan?

Rate Options

Choose between a fixed or variable rate to meet your budgeting goals.^*

Flexible Terms

Select a repayment term that fits your budget, with options to customize your payments or lock in a predetermined payoff date.

Lump Sum Payout

Get to your goal faster by receiving all funds up-front.

Your Equity, Your Goals

Use your home’s equity for renovations, big purchases, or any goal you’re ready to achieve.

Home Equity Loan FAQs

Answers to Common Questions About Home Equity Loans

What is the difference between a fixed rate and a variable rate loan?

A fixed rate loan is a loan where the interest rate on the loan remains the same for the life of the loan. A variable rate loan’s interest rate could fluctuate based on an underlying rate index that periodically changes.

What are the benefits of a fixed rate vs. a variable rate loan?

With a fixed rate loan, your interest rate is set for the life of the loan, and you can plan your budget accordingly to make regular scheduled payments on your loan. With a variable rate loan, your payments may be lower in a declining interest rate market; however, when interest rates rise, the payments will increase.

What is a fixed-rate home equity loan?

A fixed-rate home equity loan allows you to borrow a lump sum against your home’s equity with a locked-in interest rate and predictable monthly payments.

How is a fixed-rate home equity loan different from a HELOC?

A fixed-rate home equity loan provides a one-time lump sum with a fixed interest rate, while a HELOC is a revolving line of credit with a variable rate.

What can I use a fixed-rate home equity loan for?

You can use the funds for home renovations, debt consolidation, major purchases, education expenses, or any other financial needs.