HOME EQUITY

Turn opportunity into reality.

Fixed Rate Home Equity Loans

• Borrow up to 85% of the appraised value of your home, less any first mortgage outstanding
• Fixed rate – your interest rates and payments never change
• Receive one lump sum at the beginning of the loan
• Spend the money you need on what you need
• Interest may be deductible – consult your tax advisor for details
• Bi-weekly payment option available

Equity Choice Line of Credit

• Borrow up to 85% of the appraised value of your home, less any first mortgage outstanding
• Borrow money as you need it
• Combine benefits of a variable rate line of credit and a fixed rate loan by drawing funds from your variable rate line of credit and converting to a fixed rate loan.

Three repayment options

• Pay interest only; then repay the balance with principal and interest
• Pay both principal and interest over the term
• Create a fixed rate, fixed term loan