Home Equity Loan
Your home’s equity is the difference between the value of your home and the amount of your mortgage. A home equity loan is great for one time purchases, or if you know how much you money you will need. It can be used for whatever you would like…and we offer terms from 5 to 15 years, which makes payments affordable.
| Features | Benefits |
|---|---|
| Generous loan to value financing, depending on qualifications | Flexible |
| No annual fee | Saves money |
| No pre-payment fees | Peace of mind |
| No escrow is required | Saves money |
| Reduced closing costs | Saves money |
| Competitive fixed rates available | Flexible |
| Reduced closing costs | Saves money |
| Five (5) to fifteen (15) year fixed terms or balloons with 30 yr amortization | Low payments |
| Property must be owner occupied | Security |
| Member’s Choice™ Borrower Security can be added to the loan at any time | Flexible |
| You may access your account information in person, by mail, Telephone Teller and Online Banking | Convenient |
| Apply for home equity loans in person, by mail, or internet | Convenient |
| The interest may be tax deductible; Consult a tax advisor regarding the deductibility of interest. | Affordable |
