Borrowing against the equity on your home can be a smart financial move. Use a home equity loan to consolidate debt, purchase a vehicle, remodel your kitchen, or take a vacation. These loans offer low rates and can be tax deductible (based on your tax situation).
Benefits of a Home Equity Line of Credit (HELOC):
- Borrow & repay the money within your approved credit limit
- Access your line of credit with checks, in person, by phone, or through Internet banking
- Use funds to take your dream vacation, pay college tuition, for debt consolidation or home improvements
Requirements for a Home Equity Line of Credit (HELOC):
- Interest payments are required at the beginning of each month
- Rate varies as the prime rate changes
- Subject to approval
Benefits of a Home Equity Loan:
- All of the money is advanced at one time
- Ideal for debt consolidation or a specific purchase
- Payments fixed for length of the loan
Requirements for a Home Equity Loan:
- Fixed monthly payments
- Subject to approval
Call or visit us today at one of our convenient
locations. We will answer all your questions and help you with a loan that is perfect for you!