Home Equity Loans

A Home Equity Line of Credit is a revolving pre-approved loan that utilizes the equity in your home. Once you get set up, it is as simple as writing a check on the account to access the funds. You will receive an itemized statement showing the activity on the account and the payment due information so you can repay in flexible installments. Another great feature is that the interest you pay on your Home Equity Line of Credit may be fully tax deductible. Please seek the advice of your tax consultant.

Now you have the ability to use what you've worked so hard to earn...the equity in your home!

  • Consolidate debt
  • Pay for education
  • Manage medical costs
  • Drive away in a new car
  • Build your business

You can use 80% of the equity value (which includes any outstanding mortgage) for any purpose. Interest is calculated as simple interest with no prepayment penalty.

As required by law, there will be a 3-day rescission period prior to disbursement.

What You Should Know About Home Equity Lines of Credit

Initial Disclosure