Home Equity Loans

Similar to a home equity loan, you can use the equity in your home to obtain a credit line from which you can draw funds to make home improvements, consolidate debt, buy a new car, take a vacation or pay for college! Use as much or as little as you need. Interest is charged only on the outstanding balance - not the total amount of the credit line. Available credit line replenishes as you repay the outstanding balance.

• Simple application with no application fees
• 10-year draw period; repayment period next 15 years
• No annual fees
• Low, variable rates tied to the Prime Lending Rate as published in the Wall Street Journal
• Convenient terms
• Tax-deductible interest in most cases (contact your tax adviser)
• No pre-payment penalty (refer to terms and conditions for details)
• Condos and town homes eligible (some restrictions apply)
• In-house loan servicing for the life of your loan