Mortgage Home Equity

We offer homeowners great options with Home Equity Lines of Credit and Home Equity Loans. Which option is right for you?

Home Equity Line of Credit

• A Home Equity Line of Credit may be right for you if you want access to your money over a period of time.
• Competitive rates
• Secured by the equity in your home
• Available line is based upon a percentage of your LTV (loan-to-value) for qualified borrowers
• Monthly payments are based upon your usage
• Available all at once or in increments, right away or at a later date
• Interest may be tax deductible

Home Equity Loan

• A Home Equity loan may be right for you if you prefer the stability of a fixed rate loan with a set monthly payment over a fixed term. With a Home Equity Loan, you get the entire amount up front, which is good for large single investments or expenses.
• Competitive fixed rates
• Secured by the equity in your home
• Loan amount is based upon a percentage of your LTV (loan-to-value) for qualified borrowers
• Distributed in one lump sum
• Payment options with a variety of terms
• Interest may be tax deductible