It'sMe247 Online Banking

Home Equity Loans

Use the Equity in Your Home to Pay for What Matters Most

Home > Mortgages > Home Equity Loans

What is Home Equity?

Home Equity is the difference between what you currently owe on your home and its appraised value in the current market.

How Does it Work?

A Home Equity Loan is secured by your home and gives you a borrowing period that allows you to borrow as much as you need, up to your approved credit limit and loan to value.

What Can I use a Home Equity Loan for?

With a Home Equity Loan, the opportunities are endless. You can use it for educational expenses, home improvements, or a major purchase.

Home Equity Line of Credit

A Home Equity Line of Credit works similar to a Credit Card: You have a certain amount of money available to borrow and pay back, but you can take what you need as you need it.

Closed End Home Equity

A Closed End Home Equity Loan is a fixed-rate installment loan that you repay over a fixed term with equal monthly payments, just as you do with your mortgage loan.

Apply Online Current Equity Loan Rates

Contact Chris Williams at 269-228-0073 for more information or to schedule a mortgage application appointment.NMLS #747642.