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Simply the Best…
The equity in your home provides you the best way to finance home improvements, pay for your kid’s college and best of all, lower those high interest rate credit cards or loan balances with only one monthly payment.
Apply for a Home Equity Line of Credit
It’s Simple…
We work with you to determine the right loan for you. Our Home Equity loans are flexible enough to meet your specific needs. Once set up, you can use the money for:
- Home improvements
- Bill consolidation
- Your next auto purchase
- College tuition
- Take the dream vacation you've been promising yourself for years
- Or anything else you choose!
Both Home Equity Loans & Lines of Credit have:
- Great rates and flexible terms
- NO Fees or Points
- NO Closing Costs
- Tax deductible interest (consult your tax advisor for more details)
- No Closing Costs
- No Pre-Payment Penalties
- No Application Fees*
| You can borrow up to 90% of the value of your home, minus any liens against the property. For example: |
Property value of your home
($100,000 x 90%) |
$90,000 |
| Minus your current mortgage balance |
-$55,000 |
You can borrow:
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$35,000 |
Two ways to borrow:
Line of Credit
A home equity line of credit works much like a credit card. You are given a maximum loan amount, and that amount is available when you need it. You can make purchases and pay them off as you choose. You have access to your line by either transferring funds to your checking account online or by phone, or you can write a check.
- Rates as low as 4.25%
- Interest-only minimum monthly payments
- Lines from $10,000 to $250,000
- Borrow up to 95% of your home’s equity
- Five-year time period to access credit
- Easy access by phone, Internet or with checks
Home Equity Loan
The fixed-rate home equity loan is ideal if you need to borrow for a one-time purchase. You get one lump sum, which you pay back with regular monthly payments over a set period of time.
- Low fixed rate and monthly payments
- Borrow one lump-sum amount.
- Loan amounts can vary according to the amount you request and the value and equity available in your home, with a maximum of $75,000.
- Terms available up to 180 months.
- Reduce your rate through automatic payments from your checking account
- Borrow up to 95% of your home’s equity
Click here for current rates
Call Western to apply or inquire about either of our Home Equity programs.
Apply for a Home Equity Line of Credit
* See conditions here.
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