Home Equity Lines & Loans 

Home Equity Line of Credit (HELOC)

Is a HELOC right for you? Do you like flexibility and convenience? With this revolving line of credit, you can use the funds as needed. Anytime a portion is repaid, it is available to you again. This account offers competitive interest rates, payment flexibility, and potential tax benefits. If this is appealing, you will want to check out our HELOCs.

  • Revolving line of credit - access to funds now and in the future
  • Use your credit when you decide
  • Variable interest rate
  • Interest-only payments

They are secured by the equity in your primary residence so the interest you pay may be tax deductible. Consult your tax advisor.

 

 

Home Equity Loan

The traditional way of borrowing. This is great for one-time financing needs; you have the assurance of a fixed interest rate, term, and monthly payments. As a homeowner, Home Equity loans and lines of credit are a smart way to use the equity you have worked hard to build as collateral for a loan to use as you wish.  

  • Lump sum distribution
  • Fixed interest rate
  • Fixed term
  • Set monthly payments
  • Terms to meet your needs
  • No prepayment penalty

They are secured by the equity in your primary residence so the interest you pay may be tax deductible. Consult your tax advisor.

 

For other available terms or additional information, contact us.