The equity in your home can be a great source of instant financing for major purchases. With our Home Equity Credit Line, you can write a credit line check for a car or truck, a boat, make a down payment on your next home or an investment property — in short, anything you need. Your interest rate will be lower and the interest is usually tax-deductible*.
· Lower interest rate
· Borrow up to 90% of your home’s value with no fees
· Option: Pay interest only (Minimum payment of $50/month)
· In most cases, interest is tax deductible*
· When you have a BankLiberty checking account, you can make online payments to your Home Equity account, or get an online advance into your checking account.
*Please consult your tax adviser regarding the deductibility of interest for home equity loans.
**You may be responsible for mortgage registration tax or other such fees imposed by your state of residency.
Contact your nearest branch for more information.
