Home Equity Loans
A home equity loan is a mortgage loan secured by the equity in your own property. The loan has a specific limit (credit limit) which the borrower may draw up and pay down within this limit. Checks are provided to the customer for easy access to your line of credit.
- Flexible payment terms.
- Interest paid may be tax deductible.
- No prepayment penalty.
- Loan to value ratio to 90%.