Home Equity Line of Credit
A Home Equity Line of Credit from the State Bank of Cross Plains works more like a credit card and lets you borrow money when you want up to your limit. Benefits include:
- Paying interest rates that are far below those paid on typical credit cards
- Deducting the interest you pay from your taxes. (Contact your tax advisor for specific information)
- Flexibility of interest only monthly payments
- Access funds as needed without having to re-apply
Home Equity Loan
A Home Equity Loan can help cover the cost of a large purchase, like a new roof on your home, a college education for your child or an unexpected medical bill. It allows homeowners to borrow money by leveraging the equity they have built up over time. A Home Equity Loan from State Bank of Cross Plains provides the money you need now with loan options that work for you.
Choose from two options:
- Great way to consolidate your debt
- Funds disbursed in one lump sum
- Fixed monthly payments for the life of the loan
- You may be able to deduct the interest you pay from your taxes (contact your tax advisor for specific information)
Adjustable Rate Loan Option
- Great choice for borrowers looking to stay in their home for the short-term
- Interest rate is locked for the initial period and then adjusts annually
- Monthly payments adjust as interest rates adjust
- You may be able to deduct the interest you pay from your taxes (contact your tax advisor for specific information)
To learn more about the benefits of a Home Equity Loan, contact us today at (855) 256-7328. To secure a Home Equity Loan, APPLY NOW