A Champion^® guide to home equity loans.

Being a homeowner today is something you should feel proud of -- and use to your advantage. Champion Mortgage^® can help you take the equity you've worked so hard to build in your home and put it to work for you.

Home equity is the difference between your home's current market value and the total amount you owe on your home loan. A home equity loan or "second mortgage" lets you borrow a lump sum, enabling you to use the value of your home to consolidate debt or finance life’s big expenses. You can pay off your credit cards and other debts, begin home improvements such as a new kitchen or bath, finance a college education or pay for a wedding. Best of all, the interest might even be tax deductible -- your tax advisor can tell you more.

In this section, you can find out more about the benefits of taking out a home equity loan, as well as how to determine if it's the right solution for you. Use our online loan calculators to determine how you could use a home equity loan to your advantage.

At Champion, our loan specialists are trained to listen to your needs and carefully assess your financial situation. Only then will we recommend a customized solution that makes sense for you. Ready to get started? Call 1-800-CHAMPION or click here for a free, no obligation consultation with one of our Loan Specialists.