A home equity loan may be an excellent way to utilize the equity in your home for a variety of reasons. It may be utilized to finance:
- Educational Expenses
- Major purchases such as a boat, car, second home, or once in a lifetime vacation
- Unexpected major medical expenses
- Consolidate high finance charge debts into a lower interest rate loan.
Please use the Home Equity Process to learn more about obtaining a home equity loan.
Our Loan Consultant can find the home equity loan that's right for you and give you quotes on current interest rates and closing costs. Or select the specific home equity loan program that interests you to learn more about our various loan programs.
HELOC
| Best Choice If:You would like to borrow money from your line of credit when you need it. | Advantages:Flexible line of credit allows you to tap into the equity of your home for any reason. | Disadvantages:Your rate and payment may change over the life of the loan.
The interest rate you pay and the terms available to you may vary based on your credit history. |
5 Year Fixed HE-2nd Lien Only
| Best Choice If:You are looking for a fixed term, fixed payment loan. | Advantages:Interest Rate if fixed for 5 Years. | Disadvantages:May have a rate slightly higher than other adjustable rate home equity loans. |
10 Year Fixed HE-2nd Lien Only
| Best Choice If:You are looking for a fixed term, fixed payment loan. | Advantages: *Fixed rates as low as 4.75% APR*
*Convenient and easy access to funds
*Flexible spending power at an affordable rate | Disadvantages:May have a rate slightly higher than other adjustable rate home equity loans. |
15 Year Fixed HE-2nd Lien Only
| Best Choice If:You are looking for a fixed term, fixed payment loan. | Advantages:Interest Rate if fixed for 15 Years. | Disadvantages:May have a rate slightly higher than other adjustable rate home equity loans. |
