H7: Home Equity Loans Local Salem Community Bank

Home Equity Loans

Let your home’s equity work for you-build a new addition, pay for your child’s tuition or consolidate debt.

Receive the full loan amount to use as you wish
Owner-occupied single-family or condo
Fixed interest rate for the term of the loan
Payments are a fixed principal and interest for the term of the loan so you always know what your payment will be
Other restrictions may apply
Contact Us for Today’s Rates

Fixed Rate Home Equity Line of Credit

Flexibility to access your money as you wish during your ten-year ‘draw’ period

Billed interest only during the ten-year ‘draw’ period on the amount disbursed

Fully amortized payment for the remaining 10 years

Maximum loan-to-value ratio must be no higher than 80%

Other restrictions may apply

$25 annual fee may apply