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