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Personal Banking Home Equity Loan

Home Equity Loan

A home equity loan is a revolving line of credit secured by a home. Once you have a credit limit established you could borrow up to that limit any time, pay it back, and borrow again for any reason.

  • Interest rates are usually lower than most credit cards
  • Ability to borrow, pay down, and borrow again without having to receive prior approval
  • Monthly billings
  • Offers significant financial flexibility
  • Consult a tax advisor regarding the deductibility of interest

Second Mortgage

Are you looking to consolidate debt, purchase a vehicle or do home improvements? Consider a second mortgage! A second mortgage is an amortizing loan secured by a home.

  • Consult a tax advisor regarding the deductibility of interest
  • Choose from fully amortizing loans or balloon loans for more payment flexibility
  • Set monthly payment for the duration of your loan
  • Offers significant financial flexibility