Home Equity Options

With a low rate Home Equity Loan to pay off a higher rate mortgage with lower fees than refinancing or tackle home projects or pay tuition, trips and more. A home equity loan allows you to take out a lump sum of money, similar to a personal loan.

Our smart home equity options can be used for home renovations, debt consolidation, college tuition, a vacation or anything else you want to finance with a lower rate.

 

Home Equity Loans

A home equity loan borrows against your home’s equity and is delivered to you in one lump sum. Our smart home equity options can be used for home renovations, debt consolidation, college tuition, a vacation or anything else you want to finance with a lower rate.

 

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Home Equity Lines of Credit (HELOC)

A HELOC also borrows against your home’s equity but allows you to spend the borrowed money as you need it. Some advantages of a HELOC are:

  • Multiple terms available at variable HELOC rates
  • Access your equity by writing a check or debit card
  • Borrow only the amount of money you need, when you need it
  • As you repay the money, it becomes available for you to re-borrow

Apply Now for a HELOC  

 

Learn how your home's equity can make your dreams possible

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Disclosure:

*APR = Annual Percentage Rate. APR effective March 1, 2021, and may change based on market conditions and borrower eligibility. The APR will be a variable rate based on Wall Street Journal Prime Rate minus .26 (3.25% - .26% = 2.99%, current as of March 1, 2021) with a minimum APR of 2.99% and a maximum APR of 21.00%. APR may adjust monthly based on the Prime Rate as published in The Wall Street Journal. Minimum FICO score of 700 to qualify. Your rate may also be different depending on credit history, lien position and LTV ratio. Offer not valid for refinancing existing Premier Bank loans. Offer is based upon loans from $25,000 up to $300,000, a loan to value less than 85% on a first lien, owner-occupied primary residence and cannot be a purchase money mortgage. In order to receive the offered rate, a minimum draw of $10,000 is required at funding. An Annual Fee of $50 is waived for the first year. Taxes and property insurance are always required and flood insurance is required where necessary. There is a Draw Period for 10 years after the account is opened during which advances and purchases may be made, and during which reductions to principal are not required (unless credit limit has been exceeded), followed by a 10 year Repayment Period during which the minimum monthly payments amortize the outstanding balance on the line at the end of the Draw Period. Prepayment penalty fee is 2% of outstanding balance or $300, whichever is less. Other rates and terms are available. Subject to credit approval. Interest rates and terms are subject to change without notice. Consult a tax advisor regarding the deductibility of interest. Offer expires May 29, 2021. NMLS #424191. Member FDIC