Use the equity in your home to your advantage. Finance home improvements, vacations, debt consolidation, major purchases and more. The loan works like an installment loan, with a fixed amount advanced to you in a lump sum. You can repay the loan in affordable, fixed monthly payments over a set term, with a fixed interest rate.
Home Equity Line Of Credit (HELOC)
This revolving line of credit is secured by the equity in your home. You don’t make a payment or pay interest until you use the account. You can borrow, pay back, and borrow again as often and as much as you wish, up to your credit limit. It’s easy to access your funds by check, phone, in person or online.
The interest on a HELOC or home equity loan may be deductible from your Federal Income Tax. See your tax advisor for more information.
Loan Protection
Feel secure with added life and disability protection. This optional protection pays all or part of your outstanding loan balance in the event of your death, and will pay the minimum monthly payments for you if you become disabled and unable to work. To enroll, simply ask your banker.
Equal Housing Lender.