If you already own a home, it may be more than just a great place to live: it may be a great source of cash. In fact, your home��s equity �� the difference between its current value and the amount you may still owe on its mortgage �� can be used for just about anything. We offer both a fixed-rate Home Equity Loan and a variable rate Home Equity Line of Credit �� so it��s easy to find the financing you need and can afford. Plus, the interest on both Home Equity options may be tax-deductible (consult your tax advisor regarding deductibility).
Home equity loans and lines of credit (HELOCs) enables you to use the value of your home as collateral to borrow funds for major expenses like: major renovations, college Education, medical bills, dream vacation, debt consolidation, etc. Home equity loans provide a smarter way to take advantage of your home. We have several loan products to fit your individual needs, and we ensure you make your best choice.
After much consideration and consultation you decided to obtain a home equity loan or line of credit, look no further than our low rates.
Loan Overview: |
Borrow funds as you need them up to your line of credit limit |
Payment Amount: |
Variable |
Interest Rate: |
Variable - Semi annual adjustment periods |
Monthly Payment: |
Principal & Interest based on available credit limit |
Available Terms: |
15 year revolving draw period and 15 year repayment after draw period expires |
Helpful-If: |
Funds needed over time |
Loan Overview: |
Borrow funds as you need them up to your credit limit |
Payment Amount: |
Variable |
Interest Rate: |
Variable - Semi annual adjustment periods |
Monthly Payment: |
Interest-Only based on your loan balance |
Available Terms: |
15 year revolving draw period and 15 year repayment after draw period expires |
Helpful-If: |
You anticipate needing funds over time |
