Home Potential Equity Loan & Line of Credit
If you’re like most homeowners, your house is more than just your greatest asset – it’s the greatest way for you to get the money you need for just about anything, including home improvement, a new car, debt consolidation, college expenses, or a dream vacation.
Enjoy competitive interest rates for greater savings and possible tax advantages (check with your tax advisor). FAST APPROVAL – Loans are typically approved within a few days with a completed application.
Home Potential Equity Loan
You make a one-time choice on the amount you would like to borrow, close on the loan, and receive a check for the amount you’ve chosen.
- Borrow up to 100%* of the appraised value of your home (less the outstanding mortgage balance)
- Options to borrow up to 125%* of the appraised value of your home for qualified home improvement projects**
Home Potential Equity Line of Credit (HELOC)
You only have to apply for one loan, but then you can tap into the money as often as you want over a period of years. Use it for big purchases, recurring costs, or whenever you run into a bit of a budget squeeze.
- Borrow up to 100%* of the appraised value of your home (less the outstanding mortgage balance)
- Easy access to your funds
- Make payments only when you carry a balance
It’s easy to apply online, at a branch, or over the phone. You’ll need:
- Most recent 30 days of pay stubs
- Most recent 2 years of W-2 forms
- Other documents may be requested after the initial analysis