Home Equity Loans & LinesHome Equity Loans & Lines

Home Equity Loans & Lines

Summary

Find funds for any purpose right there in your home, no flipping couch cushions or combing through coat pockets. A home equity loan from Park State Bank lets the value of your home determine the value of your loan.


Cover unexpected costs, reinvest in renovations, even take a trip out of town — all at low, neighborly rates. It's your home. It's your money. We just facilitate the financing.


Essentials:

  • Low, neighborly rates
  • Loan value determined by your home's value
  • Based on equity built in home
  • Interest may be tax deductible*
  • Funds available for any purpose
  • Local decision-making
  • Flexible terms that work for you
  • Personal service and attention

*Consult a tax advisor.


Home Equity Line of Credit

A home equity line of credit (HELOC) bases your loan value on the equity built in your home, just a like a home equity loan. However, with a line of credit, you only pay interest on funds you actually use, rather than the larger lump sum.

Use the line of credit just like you would a credit card, on a purchase-by-purchase basis. But enjoy a lower rate than typical credit cards, plus immediate access to your funds and no transfer fees.

Other HELOC Benefits Include:

  • Monthly statements
  • Free online banking and bill pay
  • Unlimited draw amounts
  • Low closing costs
  • No advance fees or transfer fees
  • Interest may be tax deductible*
  • Affordable monthly payments

*Consult a tax advisor.