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Home Equity Loans

Use the equity in your home to improve your home, consolidate debt, and more!
Whether you have plans for kitchen remodel or desire to go back to school, a Home Equity Loan can help bring those plans to fulfillment.

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Home Equity Line of Credit
Secure a revolving credit line using the equity in your home.  
You can let the equity you have built in your home repay you. A Home Equity Line of Credit (HELOC) allows you to borrow funds against the equity in your home. Funds can be used for a home improvement project, debt consolidation, or other expenses.

Loan to Value:
Up to 85% based on credit approval
Interest Rate:
Variable; Rate subject to change
Disbursement:
Fluctuating credit line to borrow and repay as needed over set term
Access to Online Banking:
Yes


Features:

  • Borrow against your home equity.
  • Pay back with flexible payment options.
  • Access funds in Branch or with a Hometown Community Banks Access Card.


Home Equity Loan
Borrow funds against the equity in your home and receive a one-time payout.
Are you planning a home improvement process or need funds for a major expense? A Home Equity Loan may the right option for you. Whether it is building a garage, debt consolidation, planning a wedding or continuing education, you can rest easy knowing you will have the funds to achieve your goals.

Loan to Value:
Up to 80% based on credit approval
Interest Rate:
Rate is fixed for the first five years; Rate will adjust annually until the end of the term
Term:
Payments according to an amortized schedule up to 15 years
Access to Online Banking:
Yes


Features:

  • Receive funds in a one-time payout.
  • Pay back on a repayment schedule.
  • Note that interest may be tax deductible.*

*Consult a tax advisor