Home Equity Loans
A Home Equity Loan is an excellent way to let the value of your home provide extra cash when you need it.
A Home Equity Loan can help you pay for:
- Home Improvements
- Debt Consolidation
- Investment Opportunities
We offer two types of Home Equity Loans that allow you to access the equity in your home, you choose the option that best fits your needs goals:
Closed End - This is a fixed rate mortgage for a set amount of money payable over a specified time period. Payment terms are available for up to 15 years for a first mortgage or a home purchase, and up to 10 years for a second mortgage.
Line of Credit - This is a variable rate mortgage loan which allows you to take multiple advances up to your approved equity limit. As the loan is re-paid, you have the ability to take additional advances to cover your borrowing needs. It also gives you the flexibility to schedule the repayment terms for up to 12 years. Speak with a Loan Officer to discover how you can set up a Home Equity Line of Credit with no closing costs.
A Home Equity loan also offers the advantage of lower interest rates compared to unsecured loans and the interest is usually tax deductible. See your tax advisor regarding your situation.
Simply contact a loan officer today to discuss which type of Home Equity loan can help you and your family meet your financial goals!
Click here to view our current rates, and then apply here.