Your years of timely mortgage payments are about to pay off. Get competitive-rate financing using your home’s equity as collateral.
Details
- Competitive rates with low closing costs
- The existing equity in your home is used as collateral
- Borrow up to 90% of value of your home
- Use for several short-term or one-time needs:
- Education Expenses
- Major life events
- Home remodel projects
- Debt consolidation
- And much more!
- The interest paid might be tax deductible**
- Local decision-making and processing of your loan request
- Detailed, friendly service from start to finish
Home Equity Line of Credit (HELOC)
- 5.50% APR* fixed rate for the first year
- 20-year term (10 year draw period then a 10 year repayment period)
- Interest only payments for the first 10 years
- No closing costs on HELOCs over $20,000 unless an appraisal is needed
- Revolving credit – as principal is repaid, more becomes available for use without having to reapply
- Funds easily available via check, debit card, or online transfer
- The interest paid might be tax deductible**
- Set up automatic payments to be deducted from your account monthly
- Local decision-making and processing of your loan request
- Detailed, friendly service from start to finish
*APR=Annual Percentage Rate
**Consult a tax advisor.
