HOME EQUITY LOAN
- Competitive, fixed rates for several short-term or one-time needs:
- Major life events
- Home improvements
- Debt consolidation
- And much more
- The existing equity in your home is used as collateral backing
- Repayment terms customized to fit your needs
- The interest paid might be tax deductible1
HOME EQUITY LINE OF CREDIT
- Competitive rates for several ongoing or seasonal needs:
- Education expenses
- Home remodel projects
- Emergency reserve
- And much more
- The existing equity in your home is used as collateral backing
- Repayment terms customized to fit your needs
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit – as principal is repaid, more becomes available for use
- Funds can be accessed via online banking or HELOC check
- The interest paid might be tax deductible1
VACANT LAND
- Competitive rates for the purchase of vacant land
- Fixed and adjustable rates available
- Borrow up to 80% for future primary residence
- Repayment terms ranging from 36 to 180 months
CONSTRUCTION LOAN
- Competitive rates for your home construction project
- Available for primary residence or second home construction
- Provides more convenience, especially toward the end of the construction phase and the beginning of permanent mortgage
- Pay off interest quicker; payments are interest-only during construction phase
- Payments are made on the amount drawn on your loan sufficient to pay your builder
- Construction draws applied in stages based on work completed