Key Features
- Competitive Rates
- Free Pre-Qualify
- Local Processing
Details
- Competitive fixed rates for many short-term or one-time needs
- The existing equity in your home is used as collateral backing
- Borrow up to 90% of your appraised value less your outstanding mortgage (if applicable)
- Receive the entire loan amount at closing
- We will pay up to $500.00 of your closing costs
- Repayment terms range from 5-15 years
- The interest paid might be tax deductible1
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
1 CONSULT A TAX ADVISER REGARDING DEDUCTIBILITY OF INTEREST.
Rate and Payment Details for Home Equity Loans.
Below are the details of the Rate and Payment that will apply over the term of the loan.
Rate and Payment Details for Home Equity Loans.
Below are the details of the Rate and Payment that will apply over the term of the loan.
- Initial Interest Rate: On a Fixed rate Loan, it is the rate for the entire life of the loan.
- APR: Annual Percentage Rate that reflects the actual annual cost of a loan and includes the loan interest rate.
- Payments: Monthly Payments are for Principal and Interest only (no escrows) on a loan amount of $20,000.00 and estimated property value of $25,000.00
- Lender Credit: The lender pays $500.00 towards the closing cost on all home equity loans.