Home Equity and Home Improvement Loans

 

Home Equity Line of Credit

  • Line of credit extended to a homeowner using their home as collateral
  • Draw against equity is at borrowers discretion
  • Pay interest only on balance (not total line)
  • 10 Year draw period followed by 10 Year repayment period
  • Balance due in full after term period

Call a local loan team member today

Home Improvement Loan

  • Fixed rate second mortgage that can be used for household needs
  • Fixed monthly payments
  • Term ranges from 5 to 15 years

Call a local loan team member today

 

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