Home Equity Loans (HELOCs)
What could you do with a little extra cash?
MAKE HOME IMPROVEMENTS, FINANCE A CHILD’S EDUCATION, PAY OFF CREDIT CARD DEBT, TAKE A VACATION, AND MUCH MORE – SIMPLY BY PUTTING YOUR HOME TO WORK FOR YOU!
Home Equity Lines of Credit
Revolving credit line for maximum flexibility
Home Equity Loans (Second Mortgages)
Lock in a low fixed rate with this one-time purpose loan
|Home Equity Line of Credit||Home Equity Loan
|Features||Revolving line of credit available to use whenever you need||One-time lump sum, fixed rate|
|Good For..||College education, remodel, vacation or ongoing projects where additional funds may be needed throughout the project||One-time expenses, for a variety of projects with a fixed budget, debt consolidation|
|Access||Withdraw funds when you need it, just transfer funds to your checking account||One lump sum disbursed at loan opening|
|Loan To Value||Loans up to 80% of the available equity in your home||Loans up to 80% of the available equity in your home|
|Payments||Interest only or principal & interest||Principal & interest|
|Product Option||Available on owner-occupied & non-owner occupied properties (restrictions apply)||Available on owner-occupied & non-owner occupied properties (restrictions apply)|
|Tax Deductibility||Yes; consult with your tax advisor||Yes; consult with your tax advisor|
|Loan Application Fees||$0||$0|