Tap into the equity in your home when you are looking to make a major purchase. Home equity loans and home equity lines of credit (HELOCs) are loans that are secured by a borrower’s home.
Clear Mountain Bank can help you with a Home Equity Loan or Home Equity Line of Credit which you can use for home improvements, education expenses, debt consolidation, wedding expenses, a dream vacation, or just about anything else.
Home Equity Loans
A Home Equity Loan is perfect for a one-time borrowing need and offers the stability of a low fixed rate and fixed terms.
Features:
Competitive rates & flexible terms
Fixed monthly payment
Closing costs can be included in your loan
Automatic payments available
Home Equity Lines of Credit (HELOC)
HELOCs are revolving credit lines that come with variable interest rates and, as a result, variable minimum payment amounts.