Home Equity and Lines of Credit
Your home isn’t just where your heart is—it’s also a valuable asset that can help you achieve your financial goals. Whether you’re dreaming of a major kitchen renovation, longing to create an outdoor oasis, or looking to consolidate high-interest debt, our Home Equity Term Loans offer a smart, flexible financial solution.
A Home Equity Term Loan allows you to borrow a fixed amount of money using the equity in your existing home as collateral. Equity is the difference between the market value of your home and any outstanding mortgage balance. This loan is paid out in a lump sum, enabling you to address your financial needs immediately.
A Home Equity Line of Credit (HELOC) is a revolving line of credit using the equity in your home as collateral. With this line of credit, you can take out as little or as much as you like up to the amount for which you are approved and your payments are based upon the amount withdrawn from the HELOC.
IMPORTANT INFORMATION ABOUT OPENING A CONSUMER ACCOUNT
On September 11, 2001, our lives changed forever. In an effort to protect you and our country, the USA PATRIOT Act was signed into law. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.
We proudly support all efforts to protect and maintain the security of our customers and our country.
