As a homeowner, you may have more financial power than you realize—right within the walls of your home. A home equity loan is a smart way to access the equity you've built up over time, turning your home’s value into a resource for your next big step.
At Haven Home Lending, we believe in helping you make confident, informed financial decisions. Led by Fiorella Giusti-Barrera, Senior Loan Advisor with decades of lending experience, our team offers not only expertise—but heartfelt guidance—every step of the way.
What Is a Home Equity Loan?
A home equity loan allows you to borrow money using the equity in your home as collateral. Equity is the difference between your home's current market value and the amount you still owe on your mortgage. For example, if your home is worth $400,000 and you owe $250,000, you have $150,000 in equity. With a home equity loan, you can typically borrow a portion of that equity as a lump sum with a fixed interest rate and repayment term.
How Can You Use a Home Equity Loan?
Home equity loans can be used for a variety of purposes, including:
Home renovations or repairs
Debt consolidation
Education expenses
Emergency medical costs
Starting a business
Investments or major life events
Because interest rates on home equity loans are often lower than those of credit cards or personal loans, they can be a cost-effective option for those needing a larger sum.
Benefits of a Home Equity Loan
Fixed interest rate: Payments stay the same throughout the loan term, making budgeting easier.
Lump-sum payout: Ideal for one-time expenses or large projects.
Potential tax benefits: Interest may be tax-deductible when the funds are used for home improvements (consult a tax advisor).
Lower interest rates: Compared to unsecured loans, home equity loans typically offer more favorable rates.
Is a Home Equity Loan Right for You?
Every homeowner’s financial picture is unique. That’s why working with someone who truly understands your goals matters. At Haven Home Lending, Fiorella Giusti-Barrera listens first, then guides you through your options with clarity and care.
A home equity loan might be a great fit if:
You have significant equity in your home
You need a lump sum for a planned expense
You prefer predictable monthly payments
Let’s Explore Your Options
A home equity loan is more than a financial product—it’s a key that could unlock new possibilities. Whether you're planning a dream kitchen, paying for college, or consolidating debt, Haven Home Lending is here to help you make the most of your home’s value.
With Fiorella’s trusted guidance, you’re not just getting a loan—you’re gaining a partner in your financial journey. Reach out today to discuss whether a home equity loan fits your goals, and let’s take the next step together.