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|
For a limited time get your Closing Costs on your new Home Equity Line Of Credit taken care of On The House!
In addition to our great low rate of 3.75% APR* we're offering our HELOCs with:
- NO Closing Costs*
- No annual or usage fees
- No prepayment or early closure fees
* APR = Annual Percentage Rate. Rate offered is as low as Prime minus 1.00%. Prime rate is 3.25% as published in Wall Street Journal as of effective date indicated below. The prime rate is subject to change. HELOC rate has a floor of 3.75%. APR advertised is available with combined loan to value of no more thank 90%, loans of at least $15,000, & is subject to credt qualification. No closing costs are charged if at least $15,000 is on balance for the first 365 days of the loan otherwise you will be assessed closing costs. Other restrictions may apply, call for details. Real estate loans are available for Colorado residences only. No restrictions on purpose: concurrent close purchase, refinance, and stand-alone. Condos, second homes, and multi-units: 80% CLTV max. Effective date is 6/10/2013
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.