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Home Equity Loans
Home Equity Loan
Equity is earned in your home as the market rises and any mortgage on your properity is paid off. You can use your equity in your home as collateral in order to get a more favorable rate on your loan! Call in and find out the advantages of a Home Equity Loan such as paying off high-interest debt, home renovations, and/or unexpected expenses.
Quick Facts
- This fixed rate option is for borrowing with a lump sum disbursement. Fixed monthly payments make for easy budgeting.
- Competitive fixed rates
- Maximum loan amount of $200,000, or up to 80% of the value of your home, whichever is lesser
- 20 year term: 10 year draw & 10 year repayment period
- Ability to add an additional signer
Home Equity Lines of Credit (HELOCs)
A HELOC gives you the freedom to conveniently borrow against your credit limit—based on the available equity in your home—whenever you need it, like consolidating recurring loan payments, paying college fees, or paying off high interest credit cards. A ready source of emergency funds when you need it.
Quick Facts
- Adjustable rate based on the Prime Rate
- Maximum loan amount of $200,000, or up to 80% of the value of your home, whichever is lesser
- 20 year term: 10 year draw period, 10 year repayment period
- Affordable Payments; interest payment only during the draw period
