If you have owned your home for some time, chances are you have thousands of dollars worth of equity that you can use as a resource for cash. Equity is the difference between the market value of your home and the amount you owe on your mortgage loan. A home equity loan provides many advantages:

• Borrow larger amounts for major expenditures.
• Rates are generally very low - as low as PRIME.
• Interest may be tax-deductible; ask your personal tax advisor.