Home equity is the difference between your home’s market value and the amount you owe on your mortgage. With a Home Equity Loan or Home Equity Line of Credit- or HELOC- You can borrow from your home equity for home improvements and more!
Home Equity Loan
Put the equity you’ve built in your home to good use!
Home equity loans can be used for a variety of uses.
Home Equity Loans are useful if you have a large one-time expense- it can also be used to consolidate debt
Interest may be tax deductible- check with your tax advisor
Secure a rate discount with a BSB deposit account
Affordable, fixed rates- helping you save money and accomplish your goals
Steady repayment schedule for the life of the loan
Home Equity Line of Credit
Flexible funding options that tap into your home’s equity
HELOC can be useful if you are planning a major project with multiple expenses
Flexible borrowing- access the money as you need it
Local expertise and decision making
Variable rates and terms with flexible repayment options
For all products and services listed within, additional fees and rules may apply. Please contact a Bennington State Bank Account Representative for Product and Service Disclosures, Agreements, and full details.
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