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 CreditRevolving 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|
|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|
|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|
Special Eco-Friendly Rate Reduction PolicyNow 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.