Home Equity Loans

home equity loans web banner

We’re The Solution…

Home Equity Loans are available as fixed-term loans or as revolving lines of credit secured by the equity in your home. The interest on Home Equity Loans may be tax deductible because the debt is secured by your home. Consult your tax advisor for more information.

Home Equity Loans or Lines of Credit are economical ways to borrow for home improvements, to purchase a recreational vehicle, to pay for your vacation, education, or for any other personal use.

 

We offer multiple Home Equity options:
Fixed Rate Home Equity Loan

A closed end loan that is secured by the equity value in a borrower’s personal residence.  Collateral value enables the borrower to secure larger loan amounts at a lower rate and with a longer repayment term than on an unsecured basis. 

  • Lower interest rate than a regular installment loan
  • Flexible repayment options
  • Can be used for any purpose
  • Interest is tax deductible in most cases (Consult your tax advisor)
  • Save money by paying off higher rate loans
Home Equity Lines of Credit (HELOC)

An open-end loan that is secured by the equity value in a borrower’s personal residence.  Collateral value enables the borrower to secure larger loan amounts at a lower rate and with a longer repayment term than on an unsecured basis.

  • Accessible buying power at your fingertips
  • No annual fees
  • $2,500 minimum line
  • No minimum advance requirements
  • Interest is tax deductible in most cases (Consult your tax advisor)

 

How to Apply

Contact your local TSB Community Office or call us at 888-303-4872 and ask to speak with a Home Equity Specialist.