This allows us to keep our interest rates competitive. Our Home Equity Loans have a few added benefits. They do not have any application, processing and normally no closing costs.
Many lenders have pre-payment penalties on their loans.
However, if you payoff your Home Equity Loan or Line of Credit in full, you will be assessed for the origination costs of your loan. On our Home Equity Line of Credit we give you the option of making interest-only payments. With this option you are able to make payments that are just interest only for the first ten years. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. All rights reserved.