A Home Improvement Loan allows a customer to borrow money in order to improve their primary residence. The loan allows the borrower to use the equity in their home as a means of securing the loan. A mortgage (usually a second mortgage) is placed on the principal residence of the borrower. The term of the loan can vary, so you should contact one of our loan specialists for further details. In many instances the customer can gain a tax advantage for the interest paid on the loan. Please consult with your tax advisor to determine your own tax consequences.