HOME EQUITY LOANS OR LINES OF CREDIT

enjoy all the benefits of home.

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Home Equity Loan
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.

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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 writing a check, 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.
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First Time Homebuyer
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