Home Equity

Get up to 85% of the equity of your home to pay for college tuition; to add a pool; to renovate your home; virtually anything you've ever wanted to do. For fixed purchases, a Home Equity Loan will suit your needs. For those on-going renovation projects or continuing tuition bills, a Home Equity Line of Credit, gives you maximum access and flexibility of spending.

Home Equity Loan

A Home Equity Loan allows the borrower to finance up to 85% of the available equity in their home. This is a loan at a specific term which provides the borrower with a fixed payment.

Purpose: For home improvement, debt consolidation or cash-out
Payment Type: Monthly principal and interest payments
Loan-To-Value: Up to 85% of the equity in your home, less any existing mortgages
Prepayment Penalty: None
Type of Property: Single Family or Condo
Type of Residence: Primary
Type of Lien: First or Second Mortgage

Line of Credit

A Home Equity Line of Credit is a revolving loan which allows a borrower to finance up to 85% of the equity in their home.

Purpose: For Cash or Debt Consolidation
Payment Type: Monthly; 1% of Outstanding Balance
Loan-To-Value: Up to 85% of the equity in your home, less any existing mortgages.
Prepayment Penalty: None
Type of Property: Single Family or Condo
Type of Residence: Primary
Type of Lien: First or Second Mortgage
Draw Features: 20-Year Term with a 10-Year Draw Availability
Access: Check; Over the Counter; Direct Touch