Phone: (800) 262-5325
Home Equity Loan
The equity in your home can give you more than bragging rights. You can use your equity right now to secure a loan with favorable rates. Unlike most personal loans that are for specific purposes, your possibilities are endless here. You can use your home equity loan for pretty much whatever you want.*
*Our compliance officers have advised us to disclaim the last sentence in no way means to suggest or imply you can use the funds to break any state, national, or common sense laws. (Geesh. Those guys can be humorless.)**
**Our compliance officers have demanded a disclaimer to state unequivocally that they, in fact, are not devoid of humor.
- Summary
- Use home's equity for favorable loan rates
- Interest may be tax deductible (consult a tax advisor)
- Easy application process
- Quick, local decision making
- Personal service through life of loan
- Automatic transfer available for payments
- Assurance your loan will not be sold to another institution
- Use funds for home improvements, debt consolidation, vacation, college, medical, or most any use
Take a look at our current rates.
- Texas Loans
- Available to Texas owner-occupied properties only
- Borrow up to 80% of the home's market value, minus the first mortgage balance
- $5,000 minimum loan
- $100,000 maximum loan
- Up to 15-year terms available
- No penalty for paying off loan early
- 12-day waiting period after you have submitted all paper work (state law)
- After closing, three-day right of recession before funds are released
- Closing costs may vary
- Title policy required for loan above $100,000
- Appraisal may be required
- Annual percentage rate may vary
Take a look at our current rates.
- Arizona Loans
- Available to Arizona owner-occupied properties only
- Borrow up to 80% of the home's market value, minus the first mortgage balance
- No up front fees
- Up to 15-year terms available
- Early termination fee if loan is closed within first three years
- After closing, three-day right of recession before funds are released
- Closing costs may vary
- Title policy required for loan above $100,000
- Appraisal may be required
- Annual percentage rate may vary
Take a look at our current rates.
- Illinois Loans
- Available to Illinois owner-occupied properties only
- Borrow up to 80% of the home's market value, minus the first mortgage balance
- $5,000 minimum loan with a $100,000 maximum
- Up to 15-year terms available
- After closing, three-day right of recession before funds are released
- Closing costs may vary
- Title policy required for loan above $100,000
- Appraisal may be required
- Annual percentage rate may vary
Take a look at our current rates.
