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