CURRENT PROMOTION: Up to $250 off closing costs on a new variable rate home equity line of credit or fixed rate home equity loan through May 31, 2015!
This is a great time to tackle that home remodeling project, consolidate higher rate debt or pay for those extra educational expenses. Be sure to check our out our new home equity rates and tiers! Apply in person or online through our MortgageClick service.
Any of these projects on your list?
If you're a homeowner, a Home Equity Line of Credit is one of the best ways to borrow because the interest may be tax deductible.* Get access to a revolving credit line that allows you to borrow up to 95% of your home's value. Just use the amount you need, when you need it!
|"How much equity do I have?"||Here's an example:|
|Appraised value of home||$100,000|
|Multiply by 95%||$ 95,000|
|Subtract balance of first mortgage loan||- 60,000|
|Potential line of credit||$ 35,000|
Accessibility. Access your line of credit through CATS Line, CATS Online, or with specially issued Home Equity Line of Credit checks.
Although similar to home equity lines, second mortgages feature a fixed rate for a fixed period of time. A home equity loan is often used for a large purchase or debt consolidation.
See all the fixed rates and terms available on home equity loans
Want to apply online? Use our convenient MortgageClick serviceTo schedule an appointment or ask any questions, contact us at 597-2800 or email@example.com
*Consult your tax advisor regarding deductibility. Property must be primary residence in the state of Ohio. Equity Rate is subject to quarterly adjustment.
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