Access Your Home’s Equity
A Home Equity Loan or revolving Line of Credit is secured by the equity in a customer’s home. A larger amount of credit at a lower interest rate may be available compared to a personal loan. In most cases interest paid on a loan secured by real estate may be tax deductible. Clients must check with their tax advisor.
Home Equity Line of Credit
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Borrowers have convenient checkbook access to a generous line of credit based on the equity in their home |
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Variable rate is indexed to the Wall Street Journal Prime Rate with a rate floor determined by management |
Home Equity Loan
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Borrowers receive entire loan amount at loan closing |
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Fixed rate and term are set at time of loan closing |
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Competitive interest rates |
Tax Advantages
| For most people, the interest paid on
home equity financing is tax deductible. Consult your tax advisor about your particular situation. |
To learn more about Home Equity Loans and Lines of Credit, call 561.615-5000.