Home Equity Lines and Loans

Put the equity in your home to use! A Home Equity Line of Credit (HELOC) or Second Mortgage loan may provide the solution you have been looking to achieve. These loans are perfect for home improvement projects, consolidating bills, paying off high rate credit cards, purchasing household goods and almost anything you need or want.


Home Equity Line of Credit (HELOC) benefits:

  • Use your HELOC over and over throughout the term
  • Annual fee of $50 is waived the first year
  • No application fee or closing costs
  • Repayment terms are based on 1.5% of the outstanding balance or $100 minimum
  • Low monthly payment
  • Potential tax savings (consult with your tax advisor regarding the deductibility of interest paid)

Home Equity Loan (Second Mortgage) benefits:

  • Fixed payment amounts up to 120 months
  • Known amortization time for loan
  • Potential tax savings (consult with your tax advisor regarding the deductibility of interest paid)

To answer any of your questions, call a Premier lending specialist today.