Turn the equity in your home into cash!
With a home equity loan or home equity line of credit (HELOC) from Royal Bank, receive funds easily and quickly for long-term or short-term life goals. Enjoy low, upfront costs with flexible terms, competitive home equity rates and repayment options.
Choosing the right home equity financing depends on your unique situation. If you have ongoing projects or want to be prepared for unexpected financial needs where you can access your money as you need it, a HELOC may benefit you. If you have a one-time need, know the cost and need all the money at once, a home equity loan may be a good option.
Our experienced lending team takes the time to understand your goals, talk through available options and work together to find the best fit for you. In addition, decisions are made locally, so your financial information stays local allowing decisions to be made fast.
With a home equity loan or HELOC from Royal Bank, the possibilities are endless.
- Remodel your kitchen, bathroom or fund other home improvement projects
- Refinance a mortgage or other personal loan
- Reduce credit card debt
- Financial flexibility for recreational vehicle or equipment purchases
Royal Bank provides you the option of a Home Equity Line of Credit (HELOC) or Home Equity Loan.
Contact a member of our lending team today to learn more!