Home Equity Line of Credit

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