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Home Equity Loans

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.

Home Equity Loan

Best Choice If:

Looking to borrow additional funds using your home's equity on a fixed rate.
Advantages:

Borrow against home's equity at a fixed rate without refinancing existing first mortgage.
Disadvantages:

Maximum loan is limited to 80% of home's value less the existing first mortgage balance.

Home Equity Line of Credit - 1st Mortgage

Best Choice If:

  • You don't currently have a first mortgage and want to use your home's equity to borrow money using a line of credit.
  • Advantages:

  • Line of credit allows you to tap into the equity of your home for any reason and only when you need it.
  • 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.
  • Home Equity Line of Credit - 2nd Mortgage

    Best Choice If:

  • Have equity in your primary residence and want to borrow money using a line of credit.
  • Advantages:

  • Line of credit allows you to tap into the equity of your home for any reason and only when you need it.
  • 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.
  • Mortgage Rates

    The Loan Consultant feature determines the products and rates that match your needs.

    Ready to Start?

    To apply for your easy online loan, all you have to do is answer a few simple questions about yourself, your property and your income, debts and assets.

    Apply