Home Equity Information

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Did you know you can turn your home equity into cash? A Home Equity  Loan Plan allows you use your home as security to borrow up to 80% of  its current value minus what you owe. This is a great option to consider  if for larger purchasing or renovation needs for a vacation home.
 

Note:  

• A minimum loan amount of $10,000
• Repayment period up to 25 years
• Fixed interest rate with flexible repayment schedule. Choose monthly, semi-monthly, bi-weekly or weekly
• Allows for flexible repayment
• Defer one month’s payment up to 2 times a year