Home Equity Loans

What could you do with a little extra cash?


Make home improvements, finance a child's education, pay off credit card debt, take a vacation, and much more - simply by putting your home to work for you!

  • Home Equity Lines of Credit

    Revolving credit line for maximum flexibility
  • Home Equity Loans (Second Mortgages)

    Lock in a low fixed rate with this one-time purpose loan

 

 
Home Equity Line of Credit
Home Equity Loan (Second Mortgage)
Features Revolving line of credit available to use whenever you need One-time lump sum, fixed rate
Good For.. College Education, Remodel, Vacation or ongoing projects where additional funds may be needed throughout the project One-time expenses, for a variet of projects with a fixed budget, debt consolidation
Access Withdraw funds when you need it, just transfer funds to your checking account One lump sum disbursed at Loan opening
Need Equity Yes Yes
Loan To Value Loans up to 90% of the available equity in your home Loans up to 90% of the available equity in your home
Rates Variable Rate Fixed
Payments Interest only or principal & interest Principal & interest
Product Option Available on owner occupied & non-owner occupied properties (restrictions apply) Available on owner occupied & non-owner occupied properties (restrictions apply)
Tax Deductibility Yes; Consult with your tax advisor Yes; Consult with your tax advisor
Loan Application Fees $0 $0
Annual Fees $0 N/A
Prepayment Penalties $0 $0

 

Special Eco-Friendly Rate Reduction Policy

Now you can save the earth and save some money at the same time. When you use your Home Equity Loan for approved eco-friendly improvements such as solar panels, you qualify to receive a small rate reduction on your Home Equity Loan. Call 303.442.8850 for details.