|
HOME EQUITY
If you’re ready to make home improvements, go on a vacation, or
consolidate debt, you can take advantage of Iowa State Bank’s Home
Equity loan programs. If you are a homeowner, you can borrow up to
90% Loan To Value of the
value of your home. The interest paid on your home equity loan
may be tax deductible. * Consult your tax advisor. A
Home Equity loan is secured by the equity you’ve established in
your home.
|
Home Equity Loan |
- Borrow a determined amount of money
- Fixed payment amount over a set term
|
|
Home Equity Line of Credit |
- Offers a revolving line of credit, available to use over and
over
- Once approved, you buy what you want when you want. Tap into
all or just a portion of the approved loan amount simply by
writing a check. You decide!
- You do not owe any interest until you activate your line of
credit and then only on the amount you’ve borrowed.
- Adjustable rate, attached to Wall Street Journal Prime
- Payment amount will vary each month, depending on your
outstanding balance
|
|
