You’ve put your heart and soul into your home, now let it return the favor. Put your home’s equity to work — no sweat.
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Competitive Rates
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Tax Advantages*
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Local Servicing & Decisions
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No Closing Costs**
Equity is one of the most valuable tools you have as a homeowner.
Rates are on the rise. Now is the time to consider a way to take advantage of the equity you have built. With home prices soaring, you are probably sitting on a record amount of home equity.
A home equity loan and a home equity line of credit (HELOC) are two types of second mortgages that allow you to access money from the equity you have built in your home.
- Make home improvements/upgrades
- Pay off or consolidate credit card debt
- Take a vacation
- Fund a student loan
- Pay for a wedding or celebration
- Start a business
We are here to help determine which loan is right for you.
A fixed term second mortgage Home Equity Loan is different than a HELOC Loan in that you must take all the money you want when you open the loan. This loan is ideal for a large project or a one-time debt consolidation.
- Lump Sum Payment
- Fixed Interest Rate
- Interest Tax Deductible*
- No Closing Costs**
A second mortgage Home Equity Line of Credit (HELOC) is a variable rate line of credit with continual access to funds - much like a credit card. HELOC Loans are ideal for ongoing needs or projects with multiple expenses/invoices because of the flexible credit limit. It's as easy as writing a check or transferring money right into your checking account as costs arise.
- Variable Interest Rate
- Borrow as you Need
- Interest Tax Deductible*
- No Closing Costs**
There's money in your home, what will you do with it?
You can figure out how much equity you have in your home by subtracting the amount you owe on all loans secured by your house from its appraised value. Example: Sara owes $100,000 on her mortgage, which is valued at $250,000. Her home equity is $150,000.
Home Value - Mortgage Balance = Equity
We are here to help. Let us do the work.
*Consult a tax advisor.
**No closing costs, standard loan processing fee applies. If loan amount is over $100,000 fees may apply.