You’ve worked hard to make your house a home. Now put your home to work for you.
The equity in your home equals cash for:
- Vehicle Purchases
- Home Improvements
- Debt Consolidation
- College Tuition
- Investment Opportunities
Home Equity Line of Credit (HELOC)
A HELOC is a line of credit secured by a junior mortgage on an owner-occupied residence. Your equity is the current market value of your home minus the balance of your first mortgage.
A Home Equity Line of Credit is a convenient, economical option that offers a rate much lower than most credit cards. HELOCs are easily accessible with checks or transfers by phone, in person, or through Online Banking. Interest may even be tax deductible.*
Home Equity Loan
A Home Equity loan is a fixed-term loan secured by a junior mortgage on an owner-occupied residence based on the equity in the home. Fixed-term for an extended period. Home Equity Loan is convenient for debt consolidation.
*Consult tax adviser regarding the deductibility of interest
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