Home Equity Loans


A loan that is good for you – TWICE!!!

1) Unlock the value in your home for needed repairs, debt consolidation, education expenses, etc.
2) Finance your home equity loan with our low interest rates and tax-deductible interest*

*Consult a tax advisor regarding the deductibility of interest.

How do I calculate the available equity in my home?

The following example of a loan calculation may be helpful to determine the equity that you may have available in your home:

Value of Home*  $200,000
Multiply by 85%  170,000
Subtract current mortgage balance  100,000
Available Equity  70,000

*Assumed value

Home Equity Line of Credit:

  • 10-Year Draw Period and 10-Year Repayment Period.
  • Rate is Variable and Based on the Prime Rate as Published in the WSJ.  Rate Ceiling is 18%.
  • Opening Fees Paid to Third Parties may Apply Including Deed Fees and Appraisal..
  • No Annual Fee.

Protect Your Loan with Emerald Payment Protection*

No matter the reason for taking out a loan, it can be a financial gamble because things happen…life happens.  You’re betting you can pay back your loan and not lose your job (through no fault of your own), become disabled (due to injury or illness), take family leave, or pass away.  All of which could leave your family responsible for your loan balance.  Get the payment protection you need to lessen the worries about repaying loans during a time when your income may be reduced or lost.  Protected events include: 

Loss of life


Involuntary Unemployment

Family Leave

Calculate your estimated protected loan payment amount HERE.* 

*Your purchase of Emerald Payment Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan.  Certain eligibility requirements, conditions, and exclusions may apply.  Please contact a loan officer for a full explanation of the terms of Emerald Payment Protection.  You may cancel protection at any time.  The Loan Calculators are intended to provide approximate information about your loan payment and do not constitute an offer to extend credit. Your actual payment information may vary.

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