Home Equity Loans

You can access the equity in your home to make those long awaited home improvements, pay off debts and reduce your monthly payments or get cash out for any reason. A home equity loan is a smart loan especially if you already have a good interest rate on your first mortgage. 

The Home Equity Loan Advantage:

Fixed Rate…Simple Interest…Tax Deductible 

A home equity loan used to pay off your debts can be a great way to eliminate high monthly payments, such as credit card balances that never seem to go away. It is estimated that over a period of time, you could pay over three times more on credit cards with compounded interest than you would on a fixed rate, simple interest home equity loan. 

In addition to reducing your monthly payments with a lower fixed rate, the interest portion of a home equity loan may be tax deductible. This tax savings can be substantial when compared to your non-deductible interest paid on other loans. Consult your tax advisor for full details. 

Flexible loan guidelines allow a home equity loan to be used according to your specific needs. You have the option of using all of the funds to pay off debts, or just home improvements, or you may choose a combination purpose including personal cash out. 

For more information, please contact a local loan officer toll free at 1-866-312-6200 to start your application today or complete the short on-line application for immediate action.