Home Equity Loans

Take advantage of your Home's Equity

We offer fixed-rate Home Equity Loans and variable-rate Home Equity Lines of Credit (HELOCs) to suit your needs. With these products, you can borrow up to 100 percent of the value of your property. Use this money for:

· Home improvements
· Debt consolidation
· Medical bills
· College tuition
· Extra cash


Whatever your immediate cash needs are, a  Home Equity Loan or Line of Credit gives you the power to tap into the equity of your home. Securing your Line of Credit today offers you financial security for the future, should you ever need quick access to cash.

Home equity lines may be one useful source of credit for you to consider. They are an easy way to get large amounts of cash with low interest rates. They can also be beneficial in that they may provide you with certain tax advantages not available with other kinds of loans.

With a home equity line of credit you are required to use your home as collateral for the loan. This may put your home at a risk if you are unable to make your monthly payment or if you are late continuously with payment. The loans that have a large final (balloon) payment may lead you to borrow more money to pay off your debt, or they may put your home in jeopardy if you cannot qualify for refinancing.  If you decide to sell your home, most plans require you to pay off your credit line before you will be able to sell.

The amount of money you will be able to borrow depends on your credit and how many outstanding debts you have, home equity lenders may let you borrow up to 100% of the appraised value of your home minus the amount you still owe on your first mortgage. Be sure to ask your lender about the length of the home equity loan, whether there is a minimum withdrawal requirement when you first open your account, and whether there are minimum or maximum withdrawal requirements after your account is opened. Also, find out how you can gain access to your credit line, whether it be checks or credit cards.

Apply now and start saving money.