It started with a creaky step on the staircase.

Arms full of laundry, the pause came naturally – another reminder that the house, filled with years of memories, was starting to show its age. Drafty windows, worn-out cabinets, and a bathroom that has long lost its shine. Each time home renovation ideas popped up, the thought was the same: One day…

Then came the discovery of home equity loans and HELOCs – financial tools that could turn “one day” into today.

What is Home Equity?

Home equity is the difference between a home’s market value and what’s still owed on the mortgage. Over time, as payments are made and the home appreciates, that equity grows – like a hidden savings account waiting to be unlocked.

Two Ways to Use Home Equity: Loan vs. HELOC

1. Home Equity Loan – A lump sum is received upfront, repaid in fixed monthly payments. Ideal for major home renovations or consolidating debt.
2. HELOC (Home Equity Line of Credit) – A revolving line of credit that allows borrowing as needed, with interest paid only on the amount used. Perfect for ongoing projects, tuition, or unexpected expenses.

A Real-Life Transformation

After exploring options with a loan officer at Minster Bank, securing a HELOC may become the right choice for you. Imagine the transformation that can occur. But the biggest change? The sense of relief and confidence that came with investing in the home – and the future.

Could Your Home’s Equity Work for You?