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Tap into the Value of Your Home
Tap into the value of your home—and make it work for you. Home equity loans and lines of credit are the perfect solution for debt consolidation, home improvements, education expenses and more.
Home Equity Loan:
Use the equity in your home to borrow a predetermined amount that is repaid on a fixed, monthly schedule.
Home Equity Line of Credit (HELOC):
Revolving line of credit with unlimited access up to your available credit limit.
Apply OnlineDue to high demand and the current environment, Home Equity loan turnaround times are slower than normal. We appreciate your patience during this time.
To determine how much equity you have in your home, figure out the difference between the appraised value of your home and your current mortgage balance.
Here’s a simple formula to calculate your home’s equity:
Current Appraised Value of Your Home ($250,000) – Outstanding Balance ($150,000) = Your Equity ($100,000)
Several websites, such as Zillow or Redfin, can help to provide a rough estimate of your home’s value. Looking at what comparable homes in your area have sold for is another great point of reference.
As winter approaches, there are some things you can do on the inside and outside of your home to protect your investment, save money, and keep your family comfortable. Best of all, these ten tips are quick and easy to complete on your own or with a professional.
Your down payment for a home loan can be saved in many different ways. There will be easy ways and difficult ways. Some ways will require sacrifices, while others will take time. If you're committed to owning a home one day, these small sacrifices will be well worth it. The following are some ways you can begin saving for your down payment on a home today.
It has been a long winter. There is no better time to clean up your house than right now, before the summer arrives and you are going off on some much-needed adventures. Here are a few tips you can use to keep your house and property in great shape. It's time for some springtime home maintenance!
Home Equity APRs listed above are for owner-occupied single family residences, are effective as of the above date, and are subject to credit and collateral approval. Home Equity Line Of Credit is subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal on the 15th day of each month (Index) plus a margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of each billing cycle. The Interest Rate will never be less than 3.99% or greater than 18.00%. Closing costs (if applicable) range from $299 to $1,500, including property appraisal and title insurance, if required. Maximum Combined Loan to Value subject to collateral and credit qualifications. Property insurance required. Other rates and terms are available for Investment Property or Manufactured Home Equity Lines of Credit. F Fixed Rates. V Variable Rates. T Tiered Rates. Tiered rates based on credit qualifications.
Fees & Costs: No Annual Fee. No Origination Fee. Title Report & Recording: $100,000 or Less: $299. Over $100,000: Actual Cost over $250. Appraisal may be required at an additional cost
Home Mortgage Disclosure Act NoticeThe HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website. (www.consumerfinance.gov/hmda). |
