Home Equity Loans

Rates

Put the equity in your home to work.  Use the equity to purchase a vehicle, home improvement, college expenses, bill consolidation or almost anything you need. You can borrow up to 80% of the assessed or appraised value of your home minus the balance of the 1st mortgage. For example: $100,000 (assessed value) times 80% equals $80,000 minus $50,000 (balance of 1st Mortgage) equals $30,000 (amount available for home equity loan).

No closing costs are charged unless the loan is for less than $5000 and a term of less than 12 months.