Unlock the Power of Your Home’s Equity
Your home is more than a place to live—it’s a valuable asset. Whether you’re planning renovations or need funds for major expenses, using your home’s equity can be a smart, affordable solution. Even if you’re still paying on a mortgage, leveraging your equity at great rates and flexible terms can help you navigate life’s financial challenges with ease.
Two Great Home Equity Options:
| Fixed Home Equity | Home Equity Line of Credit | |
|---|---|---|
| Type of Interest: | Fixed-Rate | Variable Rate |
| Repayment Term: | 5-15 Years | 15 Years (5 year draw, 10 year repayment) |
| Payout: | Lump Sum/One Time | Revolving Credit- First 5 years |
| Convenient Access: | Funds are readily available up to your approved credit line when you need them via debit, cashiers check, or online banking. | |
| Best For: | Debt Consolidation, major renovation costs | Intermittent cash needs. Perfect for expenses spread over time, like renovations. Access funds as needed and only pay interest on what you use. |
Additional Perks:
- Possible Tax Advantages: Interest paid on home equity loans or lines may be tax-deductible (consult your tax advisor for details).
- Convenient Payment Options: Manage your payments effortlessly.
Get Started Today!
Schedule an appointment with your Branch Manager or call our Service Center at (989) 910-5135 to explore your options and find the perfect solution for your financial goals.