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A BUNDLE OF MONEY, ALL AT ONCE
Home Equity Loan
Get a lump sum of money all at once to pay for just about anything—a car, a boat, education, boat, pergola, boat. Yes, you can probably get that boat.
As opposed to a traditional loan, a home equity loan lets you borrow against the value of your home, just like a mortgage.
USE WHAT YOU NEED, AS YOU NEED IT
Home Equity Line of Credit (HELOC)
Take advantage of a line of credit that is based on your home’s value. You are able to draw from it, pay it back, and continue to use it over time.
- Access the equity in your home simply by making a phone call to Deerwood Bank, or accessing your online banking
- Once your line of credit is in place, you can borrow from it, time and time again
- Interest may be tax-deductible, so consult with your tax advisor for possible tax advantages.

Use your home's equity to finance things like vehicles, college tuition, or home improvements.

Connect with us. Our Mortgage Lenders will make the entire process extra simple for you.