With changes in the tax laws you might check out our home equity loans to get the maximum tax deductibility of interest that you pay. We offer several types of home equity loans. One is sure to fit your needs.

This is a line of credit secured by the equity in your primary residence. This line of credit can be used to finance major expenses such as educational expenses, home improvements, car purchases, etc.

Features and Benefits

• Easy access by writing a special check (minimum $500)
• Detailed monthly statement of activity
• Variable rate: tied to Wall Street Journal prime
• No closing costs at this time
• If loan is closed within 2 years, you must reimburse the Bank for the loss involved
• Low monthly payments - 1.5% of previous month's balance or $100, whichever is greater
• Free personalized checks (first order only)
• No annual fee
• Term: For requests less than $25,000, there is a five year revolving period followed by one option to extend the revolving period for an additional 5 years. At the end of such time, the loan shall amortize over a period not to exceed 10 years. For requests greater than $25,000, the amortization period cannot exceed 15 years maturity.
• Minimum loan - $10,000
• Maximum loan - $100,000
• No appraisal fee
• Flood certification required at no charge to you
• Convenience - the money is there when you need it
• You can write checks - easy access
• Easy to read statement for your records and tax purposes
• You can finance major expenses with this loan
• Option available to have the payments automatically deducted from your account
• Provides convenience
• Flexibility - all or part of the line may be used
• Interest may be tax deductible under certain circumstances. You should consult a tax consultant.
• Repaid amounts of the line are there to be used again when needed