Home Equity

Home Equity - Borrowing - Minnesota Personal BankingBorrowing 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!
How can I?
Products
Interested in one of our many products? Choose from the list below to learn more...

Locations
Sterling State Bank has 10 locations to serve you. Choose from the list below to find out more about each location.