HOME EQUITY LOANS

Home Equity Line of Credit

Closing Costs only $349*

Emery HELOC_2019 A home equity line of credit works sort of like a credit card limit. You borrow only what you need, up to your preset limit, and pay interest only on what you borrow. And, with closing costs of only $349 with no annual fee, it’s never been a better time to take advantage of all the things a Home Equity Line of Credit can do for you.

Why a Home Equity Line of Credit?

Access funds for large expenses, now and in the future
Low Rates
Make payments on only your outstanding balance
Interest may be tax deductible (check with your tax adviser)

Variable Rate Home Equity Loan

Line of Credit
No annual fees/draw fees
Rates as low as Prime -1%**
No Prepayment Penalty
Loan terms up to 15 years

*Subject to credit approval.
**Floor annual percentage rate as low as 3.25

Closed-End Home Equity Loan

A closed-end equity loan offers a single lump sum that can help you consolidate high-interest debt, pay for a home improvement or much more.

Benefits:

Borrow a specific amount, with a fixed rate, term and monthly payment
Great for debt consolidation, major home renovations, or large one-time purchases
Flexible repayment terms available
Loan terms up to 15 years
Minimal Closing Costs
Interest may be deductible (check with your tax adviser)