Home Equity Loans are a great way to have your home investment work for you. Paying college tuition, buying a car, or consolidating bills by tapping your home equity makes life simpler and eases the strain on the pocketbook.
We have two home equity products that work for both first and second mortgages:
Line of Credit
A line of credit gives you borrowing power now and in the future. You pay interest only on the amount of funds you borrow and there is no annual fee. Interest rates are variable and are based on the Wall Street Journal prime rate. Depending upon your credit score, your monthly payment may be as low as the accrued monthly interest.
A fixed rate and term home equity loan provides a payment that does not change over time. If you have a specific need and timeframe for when you want your loan paid in full, this may be the product for you.
To apply or learn more about Home Equity products,
please contact Scot Bealer at 719-539-2968.