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Home Equity Loans

A home equity loan may be an excellent way to utilize the equity in your home for a variety of reasons.  Home equity loans can be used for many different purposes including:

  • Educational Expenses
  • Major purchases such as a boat, car, second home, or once in a lifetime vacation
  • Unexpected major medical expenses
  • Consolidate high finance charge debts into a lower interest rate loan.

Our Loan Consultant can help find the home equity loan that's right for you and give you quotes on current interest rates and closing costs.  Or select the specific home equity loan program that interests you to learn more about our various loan programs.

10 Year Fixed / Home Equity Second Mortgage

Advantages:

This is a 10 year Fixed Rate Home Equity product.

Home Equity Line of Credit

Best Choice If:

Low monthly payments.
Advantages:

Interest only payments.
Disadvantages:

Variable rates that can change monthly.

3/1 ARM - 15 Year / Home Equity Second Mortgage

Advantages:

This is a Home Equity Product, with a 15 year amortization period. Rate is fixed for a 3 year period, and is reviewed and adjusted annually after that. Maximum rate adjustment is 2% annually / 6% over the life of the loan. Margin = 2.875%
Disadvantages:

Rate can fluctuate after initial 3 year period.

15 Year Fixed / Home Equity Second Mortgage

Advantages:

This is a 15 year Fixed Rate Home Equity product.

5/1 ARM - 15 Year / Home Equity Second Mortgage

Advantages:

This is a Home Equity Product, with a 15 year amortization period. Rate is fixed for a 5 year period, and is reviewed and adjusted annually after that. Maximum rate adjustment is 2% annually / 6% over the life of the loan. Margin = 2.875%
Disadvantages:

Rate can fluctuate after initial 5 year period.

7/1 ARM - 15 Year / Home Equity Second Mortgage

Advantages:

This is a Home Equity Product, with a 15 year amortization period. Rate is fixed for a 7 year period, and is reviewed and adjusted annually after that. Maximum rate adjustment is 2% annually / 6% over the life of the loan. Margin = 2.875%
Disadvantages:

Rate can fluctuate after initial 7 year period.

Mortgage Rates

The Loan Consultant feature determines the products and rates that match your needs.

Ready to Start?

To apply for your easy online loan, all you have to do is answer a few simple questions about yourself, your property and your income, debts and assets.

Apply