Whether you want to consolidate your credit card bills, spruce up the kitchen or take a second honeymoon, getting the things you want and need in life can be easier than you might think. The answer may be right under your roof -- with a Home Equity Loan or Line of Credit.

Rather than pay high-interest credit card bills, you can borrow against the equity you've built up in your home. Consolidating your debts may lower your monthly payments. And, the interest you pay may be tax-deductible (consult your tax advisor for details).

How do most borrowers use their funds?
Tapping your home's equity can provide the perfect source of funding for a variety of expenses. However, because you're borrowing against the equity in your home, it makes good financial sense to use the funds only for major, necessary expenses. Here are a few examples of how you might use your funds:

Take control of your debt. Tired of paying high-interest monthly payments to credit card companies? Pay off all those debts at once and enjoy one easy monthly payment.

Remodel your home. In addition to improving the quality of your daily living, home improvement is a great investment. Adding a bedroom or updating bathrooms may allow you to more than recover your costs upon resale.

Buy your dream car. If your car is on its last legs or you're just ready for something different, it might be time for a new vehicle. Your home's equity may be just the key to put you in a new set of wheels.

Finance an education. With college costs going through the roof, consider using the equity under your own roof to pay for your child's education or to go back to school yourself. A Home Equity Line of Credit may be just the thing for covering tuition bills and other expenses as they come due.

Loans vs. Lines
A Home Equity Loan and Home Equity Line of Credit are two smart, affordable ways to get the things you want and need. But what's the difference between the two?

A Home Equity Loan from LaSalle Bank is perfect for specific, large expenses, such as the purchase of a vehicle or for medical expenses. These loans are given in a lump sum with a fixed rate and monthly payments for the life of the loan. Take advantage of a wide range of terms, and the opportunity to borrow up to 100 percent of the equity in your home.

A Home Equity Line of Credit is the ideal source for funds you can tap as needed, for ongoing expenses such as tuition or remodeling costs. With a credit limit based in part on the equity you've built up in your home, you can borrow, repay and borrow again. You'll enjoy lower interest rates than with typical revolving credit lines or credit cards. And tapping your funds is as simple as writing a check!

Interested in finding out just how much money you could be saving by tapping your home's equity instead of using your credit cards? Our convenient Home Equity Financing Calculator will do the math for you!

Apply today.