Our expert mortgage representatives will be happy to help you find the one that's right for you. No maximum income restrictions Equity Prime Equity Prime is a revolving line of credit. The interest rate is variable and subject to change on the last business day of each month based on the Prime Lending Rate as posted in the Wall Street Journal. The interest is set at the Prime Rate for the life of the loan. Equity loans must be first or second mortgages on family owned and occupied 1-4 family dwellings, and are offered to qualified homeowners in the bank's assessment area.
All loans are subject to normal underwriting policies of the bank.
Fixed Rate Equity Loan Interest rates are fixed for the term and set at the time of application based on applicable market rates. Equity loans can only be first or second mortgages and are offered to any qualified homeowner that resides in the bank's assessment area. They are subject to normal underwriting policies of the bank and are available on primary residences that are single and two family dwellings.